SiriusXM Canada Completes Previously Announced Redemption of 9.75% Senior Notes and $35M Credit Facility

/NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TORONTO, May 27, 2014 /CNW/ - Sirius XM Canada Holdings Inc. ("SiriusXM Canada" or the "Company") (TSX: XSR), parent of Sirius XM Canada Inc., today announced the completion of its redemption of all of the Company's C$130.8 million outstanding 9.75% senior notes due 2018 (the "Existing Notes") at a redemption price equal to approximately 107.9616% of the principal amount of the Existing Notes plus accrued and unpaid interest.

The Company also announced the completion of its C$35 million senior secured credit facility with National Bank Canada and The Toronto-Dominion Bank.

About SiriusXM Canada
Sirius XM Canada Holdings Inc. (TSX: XSR) operates as SiriusXM Canada. SiriusXM Canada, with approximately 2.4 million subscribers, is one of the country's leading audio entertainment company and broadcasts more than 120 satellite radio channels featuring premier sports, news, talk, entertainment and commercial-free music. SiriusXM Canada offers an array of content from the most recognized news and entertainment brands as well as every major sport including the NHL, NFL and MLB.

SiriusXM programming is available on a variety of devices including pre-installed and after-market radios in cars, trucks and boats, smartphones and mobile devices, and consumer electronics products for homes and offices. SiriusXM programming is also available online at www.siriusxm.ca and on Apple and Android-powered mobile devices.

SiriusXM Canada has partnerships with every major automaker and its radio products are available at more than 3,000 retail locations nationwide. To find out more about SiriusXM Canada (TSX: XSR), visit our website at www.siriusxm.ca.

SOURCE: Sirius XM Canada Holdings Inc.

Morlan Reddock 
SiriusXM Canada 
416-513-7418 
[email protected] 

Dave Mason
TMX Equicom
416-815-0700 ext 237 
[email protected]