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XM Radio Satellite Radio

Please help me so that I can complete the following:

Organization- XM Radio Satellite

Using the organization's financials address the following
a. Identify two lenders the firm uses.

b. Identify the investment bank the firm uses to issue stock.
c. Identify and discuss the role these intermediaries play for the firm.

d. Discuss which government entities regulate the securities that this firm issues.

e. Examine the role that these entities play for investors

Solution Preview

a. Identify two lenders the firm uses.

Two lenders are:

1) The Company . have a revolving $150.0 million Senior Secured Credit Facility with GM that matures on the earlier of December 31, 2009 or six months after the Company achieves investment grade status.

2) Company also uses various Senior notes/ convertible senior notes. For example, there is an 9.75% Senior Notes due 2014.

Reference: 10 K filings: http://phx.corporate-ir.net/phoenix.zhtml?c=115922&p=irol-sec#5456578

b. Identify the investment bank the firm uses to issue stock.

Bear Sterns is one of the leading investment bank that XM uses to issue stocks.

c. Identify and discuss the role these intermediaries play for the firm.

Intermediaries like investment bankers play a very important role in fund raising process of companies like XMSR, be it a IPO or ...

Solution Summary

Identify two lenders the firm uses.

$2.19