SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 4, 2008
(July 28, 2008)
SIRIUS SATELLITE RADIO INC.
(Exact Name of Registrant as Specified in Charter)
| |
|
|
|
|
Delaware
(State or other Jurisdiction
of Incorporation)
|
|
0-24710
(Commission File Number)
|
|
52-1700207
(I.R.S. Employer
Identification No.) |
| |
|
|
| 1221 Avenue of the Americas, 36th Fl., New York, NY
|
|
10020 |
| (Address of Principal Executive Offices)
|
|
(Zip Code) |
Registrant’s telephone number, including area code: (212) 584-5100
Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions:
| o |
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
| o |
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
| o |
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b)) |
| |
| o |
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c)) |
|
|
|
| Item 1.01. |
|
Entry into a Material Definitive Agreement |
Share Lending Agreements
As
previously announced, on July 28, 2008, we agreed to lend Morgan Stanley Capital
Services, Inc. an
aggregate of 188,399,978 shares of our common stock, par value $0.001 per share (the “Common
Stock”) and to lend UBS AG, London
Branch an aggregate of
74,000,005 shares of Common Stock. Each of the share lending agreements
will terminate on or about the maturity date of the 7% Exchangeable Senior Subordinated Notes due
2014 issued by XM Satellite Radio Inc. (the “Notes”), or, if earlier, the date as of which the
entire principal amount of Notes ceases to be outstanding as a result of exchange, repayment,
repurchase, or otherwise. The share lending agreement with Morgan
Stanley Capital Services, Inc. is guaranteed by Morgan
Stanley.
2