To: jcallan2@bloomberg.net
James,
There is an big error in your recent article "Sirius XM in Talks to Refinance Debt, Cuts Forecast (Update2)." In the article you state that SIRI "faces $1.1 billion in loan repayments in 2009, including $300 million in convertible bonds in February."
This is not correct. SIRI has just recently exchanged $50 million of those Feb. '09 converts with stock. That brings the Feb.'09 convert debt down to $250 million - not $300 miilion and not $1.1 billion for '09...
Please fix the error with a correction as soon as possible!
Thank you,
Demian