SiriusXM’s $1.75 Billion Credit Facility Amendment

Simpson Thacher advised SiriusXM, while Cahill represented the lead arrangers on the deal.

SiriusXM has entered into an amendment to its existing $1.75 billion senior secured revolving credit facility. The amendment, among other things, extends the maturity of the existing facility to August 31, 2026.

The lead arrangers included JPMorgan Chase Bank, N.A., BofA Securities, Inc., Barclays Bank Plc, BMO Capital Markets Corp., BNP Paribas Securities Corp., Citibank, N.A., Credit Agricole Corporate and Investment Bank, Goldman Sachs & Co. LLC, Mizuho Bank, Ltd., Morgan Stanley MUFG Loan Partners, LLC, RBC Capital Markets, Truist Securities, Inc., The Bank Of Nova Scotia, U.S. Bank National Association, and Wells Fargo Securities LLC.

Sirius XM is the leading audio entertainment company in North America, and the premier programmer and platform for subscription and digital advertising-supported audio products.

The Simpson Thacher team included Brian Steinhardt (Picture), Michael Vernace and Alejandro Sueldo (Banking & Credit); Lia Toback and Catherine Ciriello (Capital Markets); and Jonathan Cantor (Tax).

Cahill represented the lead arrangers with Jennifer B. Ezring, Michael M. Makhotin, Finney Abraham, Alexa S. Kaminsky and Catherine E. Schaefer.

Involved fees earner: Finney Abraham – Cahill Gordon & Reindel; Jennifer Ezring – Cahill Gordon & Reindel; Alexa Kaminsky – Cahill Gordon & Reindel; Michael Makhotin – Cahill Gordon & Reindel; Jonathan Cantor – Simpson Thacher & Bartlett; Catherine Ciriello – Simpson Thacher & Bartlett; Brian Steinhardt – Simpson Thacher & Bartlett; Alejandro Sueldo – Simpson Thacher & Bartlett; Lia Toback – Simpson Thacher & Bartlett; Michael Vernace – Simpson Thacher & Bartlett;

Law Firms: Cahill Gordon & Reindel; Simpson Thacher & Bartlett;

Clients: Bank of America Securities; Barclays Bank; BMO Capital Markets; BNP Paribas Securities; Citibank; Crédit Agricole Corporate and Investment Bank; Goldman Sachs & Co.; JP Morgan Chase & Co.; Mizuho Bank; Morgan Stanley; MUFG; RBC Capital Markets; Sirius XM Holdings Inc.; The Bank of Nova Scotia; Truist Securities Inc. ; U.S. Bank National Association; Wells Fargo Securities;

Author: Martina Bellini