SIRIUSXM ANNOUNCES EXPIRATION AND RESULTS OF CASH TENDER OFFER FOR ANY AND ALL OUTSTANDING 3.125% SENIOR NOTES DUE 2026

Core Viewpoint - Sirius XM Holdings Inc. announced the expiration and results of its cash tender offer for all outstanding 3.125% Senior Notes due 2026, which expired on March 4, 2026, with valid tenders amounting to approximately $498.94 million, representing 49.89% of the total principal amount [1]. Group 1: Tender Offer Details - The cash tender offer commenced on February 26, 2026, and expired at 5:00 p.m. New York City time on March 4, 2026 [1]. - The total principal amount of the 3.125% Senior Notes due 2026 outstanding was $1 billion, with $498.94 million tendered [1]. - The purchase price for the notes was set at $994.64 per $1,000 principal amount [1]. Group 2: Payment and Future Actions - Payment for the validly tendered notes is expected to occur on March 5, 2026, with a separate payment date of March 9, 2025, for notes tendered under guaranteed delivery procedures [1]. - The company plans to use proceeds from a new offering of $1.25 billion of 5.875% senior notes due 2032 to fund the purchase of the tendered notes [1]. - Following the settlement of the offer, the company intends to issue a notice of redemption for any remaining outstanding notes [1]. Group 3: Company Overview - Sirius XM Holdings Inc. is a leading audio entertainment company in North America, offering a range of services including SiriusXM, Pandora, and a podcast network, reaching approximately 170 million listeners monthly [1].