XM Radio 2008 Annual Report Download - page 107

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The XM 9.75% Notes Supplemental Indenture was entered into in connection with XM’s previously
announced tender offer and consent solicitation with respect to the XM 9.75% Notes commenced on July 29,
2008. As part of the offer, XM sought and received the requisite consents from holders of the XM 9.75% Notes to
proposed amendments relating to the XM 9.75% Notes and the related indenture. The XM 9.75% Notes Sup-
plemental Indenture contains the proposed amendments which amend the indenture to eliminate substantially all of
the restrictive covenants contained in the indenture and the XM 9.75% Notes, eliminate certain events of default and
modify or eliminate certain other provisions contained in the indenture and the XM 9.75% Notes.
Under the Indenture, dated as of July 31, 2008, among XM Escrow LLC and The Bank of New York Mellon, as
trustee, relating to the 13% Senior Notes due 2014 (the “XM 13% Notes”), the maturity of the XM 13% Notes
changes from August 1, 2014 to August 1, 2013 when certain conditions have been satisfied. Following the
execution of the XM 9.75% Notes Supplemental Indenture, all of these conditions have been satisfied and the XM
13% Notes will mature on August 1, 2013.
F-57
SIRIUS XM RADIO INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)