Sirius XM Enters Material Definitive Agreement

TL;DR

Sirius XM just signed a big deal, filing an 8-K. Details TBD.

AI Summary

Sirius XM Holdings Inc. entered into a material definitive agreement on August 20, 2025. The filing, submitted on August 21, 2025, is a Form 8-K, indicating a significant event for the company. Specific details of the agreement are not provided in this excerpt.

Why It Matters

This filing signals a significant development for Sirius XM Holdings Inc., potentially impacting its business operations, financial standing, or strategic direction.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, which could carry significant implications, but the lack of specific details prevents a definitive risk assessment.

Key Players & Entities

• SIRIUS XM HOLDINGS INC. (company) — Registrant
• August 20, 2025 (date) — Date of earliest event reported
• August 21, 2025 (date) — Date of Report

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share SIRI The Nasdaq Stock Marke
• $1.75 billion — the Credit Agreement consisted of a (i) $1.75 billion senior secured revolving credit facilit
• $1.1 b — aggregate original principal amount of $1.1 billion, borrowings from each of which Si
• $2.0 billion — pal amount of the Revolving Facility to $2.0 billion. The obligations under the Credit Agree

Filing Documents

• tm2523769d1_8k.htm (8-K) — 30KB
• tm2523769d1_ex10-1.htm (EX-10.1) — 1251KB
• 0001104659-25-081401.txt ( ) — 1696KB
• siri-20250820.xsd (EX-101.SCH) — 3KB
• siri-20250820_lab.xml (EX-101.LAB) — 33KB
• siri-20250820_pre.xml (EX-101.PRE) — 22KB
• tm2523769d1_8k_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On August 20, 2025, Sirius XM Radio LLC ("Sirius XM"), our subsidiary, entered into an amendment ("Amendment No. 11") to its existing credit agreement with JPMorgan Chase Bank, N.A., as the administrative agent, and other agents and lenders (the "Credit Agreement"). Prior to Amendment No. 11, the Credit Agreement consisted of a (i) $1.75 billion senior secured revolving credit facility ("Revolving Facility"), from which Sirius XM could borrow and reborrow from time to time, and (ii) a delayed draw term loan A facility in an aggregate original principal amount of $1.1 billion, borrowings from each of which Sirius XM could use for working capital and other general corporate purchases, including share repurchases, dividends and the financing of acquisitions. Amendment No. 11 provides for certain changes to the Credit Agreement, including to, among other things, (i) extend the maturity of the Revolving Facility to August 31, 2030 (subject to an earlier springing maturity if certain material indebtedness of Sirius XM remains outstanding 91 days prior to its stated maturity date and Sirius XM Inc. and its subsidiaries do not have sufficient liquidity to repay such indebtedness at such time) and (ii) increase the aggregate principal amount of the Revolving Facility to $2.0 billion. The obligations under the Credit Agreement remain guaranteed by Sirius XM's parent, Sirius XM Inc., and Sirius XM's material domestic subsidiaries, and secured by a lien on substantially all of Sirius XM's assets and the assets of its material domestic subsidiaries, subject to certain exceptions. The Credit Agreement contains incremental facilities and related debt and lien baskets, which allow Sirius XM to increase or incur new commitments under the Revolving Facility and/or incur new term loans or other forms of indebtedness, subject to the terms of the Credit Agreement. Certain of the participants in the Credit Agreement and their res

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 10.1 Amendment No. 11, dated as of August 20, 2025, to the Credit Agreement, dated as of December 5, 2012, among Sirius XM Radio Inc., JPMorgan Chase Bank, N.A., as administrative agent, and the other agents and lenders parties thereto. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. SIRIUS XM HOLDINGS INC. By: /s/ Richard N. Baer Richard N. Baer Executive Vice President, General Counsel and Secretary Dated: August 21, 2025 3