<SEC-DOCUMENT>0000930413-19-000957.txt : 20190315
<SEC-HEADER>0000930413-19-000957.hdr.sgml : 20190315
<ACCEPTANCE-DATETIME>20190315084030
ACCESSION NUMBER:		0000930413-19-000957
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190314
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190315
DATE AS OF CHANGE:		20190315

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SIRIUS XM HOLDINGS INC.
		CENTRAL INDEX KEY:			0000908937
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO BROADCASTING STATIONS [4832]
		IRS NUMBER:				383916511
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34295
		FILM NUMBER:		19683098

	BUSINESS ADDRESS:	
		STREET 1:		1290 AVENUE OF THE AMERICAS
		STREET 2:		11TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10104
		BUSINESS PHONE:		212-584-5100

	MAIL ADDRESS:	
		STREET 1:		1290 AVENUE OF THE AMERICAS
		STREET 2:		11TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10104

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SIRIUS XM RADIO INC.
		DATE OF NAME CHANGE:	20080805

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SIRIUS SATELLITE RADIO INC
		DATE OF NAME CHANGE:	19991228

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CD RADIO INC
		DATE OF NAME CHANGE:	19940203
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c93228_8k.htm
<TEXT>
<HTML>
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<P STYLE="margin: 0"></P>

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<P STYLE="font: 14pt/120% Times New Roman, Times, Serif; margin: 4pt 0 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 14pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 7pt; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

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    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 3pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 3pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center">Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of earliest event
reported): March 15, 2019 (March 14, 2019)</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIRIUS XM HOLDINGS INC.</B></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact Name of Registrant as Specified
in its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 7pt"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 32%; padding-top: 2pt; padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><B>Delaware</B></TD>
    <TD STYLE="width: 36%; padding-top: 2pt; padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><B>001-34295</B></TD>
    <TD STYLE="width: 32%; padding-top: 2pt; padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><B>38-3916511</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0; text-align: center">(State or other Jurisdiction</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 2pt; text-align: center">of Incorporation)</P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 2pt; padding-bottom: 2pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0; text-align: center">(I.R.S. Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 2pt; text-align: center">Identification No.)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 7pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 63%; padding-top: 2pt; padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><B>1290 Avenue of the Americas, 11th Fl., New York, NY</B></TD>
    <TD STYLE="width: 37%; padding-top: 2pt; padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><B>10104</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 2pt; padding-bottom: 2pt; text-align: center">(Address of Principal Executive Offices)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 2pt; padding-bottom: 2pt; text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center">Registrant&rsquo;s telephone number, including
area code: <B>(212) 584-5100</B></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;Former name or former address, if
changed since last report: <B>Not Applicable</B></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 7pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 5%; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD STYLE="width: 95%; padding-top: 2pt; padding-bottom: 2pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
</TABLE>
<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0">Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &sect;230.405) or Rule&nbsp;12b-2&nbsp;of the Securities
Exchange Act of 1934 (17 CFR&nbsp;&sect;240.12b-2).</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0">Emerging growth company&nbsp;&nbsp;<FONT STYLE="font-family: Arial Unicode MS,sans-serif">&#9744;</FONT></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0">If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act.&nbsp;&nbsp;<FONT STYLE="font-family: Arial Unicode MS,sans-serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 7pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 100%; border-top: Black 1pt solid; border-bottom: Black 2.25pt solid; padding-left: 3pt">&nbsp;</TD></TR>
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<P STYLE="font: 10pt/2pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 7pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 22%; padding-top: 2pt; padding-bottom: 2pt"><B>Item 8.01</B></TD>
    <TD STYLE="width: 78%; padding-top: 2pt; padding-bottom: 2pt"><B>Other Events</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">On March 15, 2019, we announced the expiration
and results of the offer (the &ldquo;Repurchase Offer&rdquo;) by our subsidiary, Pandora Media, LLC (&ldquo;Pandora&rdquo;), to
repurchase for cash any and all of its $152,051,000 outstanding 1.75% Convertible Senior Notes due 2020 (the &ldquo;Notes&rdquo;)
at a price equal to 100% of the aggregate principal amount thereof plus accrued and unpaid interest thereon to, but not including,
the purchase date, expected to be March 18, 2019 (the &ldquo;Purchase Price&rdquo;). As of 11:59 p.m., New York City time, on March
14, 2019, $151,067,000 in aggregate principal amount of the Notes had been validly tendered and not validly withdrawn in the Repurchase
Offer. Pandora will accept for purchase all such validly tendered Notes and expects to pay the Purchase Price for such Notes on
March 18, 2019.</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">A copy of the press release announcing
the expiration and results of the Repurchase Offer is attached hereto as Exhibit 99.1 and is incorporated herein by reference.</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">This current report is neither an offer
to purchase or sell nor a solicitation of an offer to sell or buy the Notes or any other securities of Sirius XM Holdings Inc.
or Pandora. The Repurchase Offer was made solely on the terms and subject to the conditions set forth in an Offer to Purchase,
dated February 14, 2019, and in the related Letter of Transmittal, and the information in this report is qualified by reference
to such documents.</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 22%; padding-top: 2pt; padding-bottom: 2pt"><B>Item 9.01</B></TD>
    <TD STYLE="width: 78%; padding-top: 2pt; padding-bottom: 2pt"><B>Financial Statements and Exhibits</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d) Exhibits.</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 28%; padding-top: 2pt; padding-bottom: 2pt"><B>&#9;<U>Exhibit Number</U></B></TD>
    <TD STYLE="width: 72%; padding-top: 2pt; padding-bottom: 2pt"><B><U>Description of Exhibit</U></B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&#9;99.1</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt"><A HREF="c93228_ex99-1.htm">Press Release dated March 15, 2019</A></TD></TR>
</TABLE>
<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/2pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">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 hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 7pt">&nbsp;</P>

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    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt">SIRIUS XM HOLDINGS INC.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 60%; padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="width: 4%; padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="width: 36%; padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt">/s/ Patrick L. Donnelly</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0">Patrick L. Donnelly</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Executive Vice President, General</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 2pt">Counsel and Secretary</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0">Dated: March 15, 2019</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>




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<TYPE>EX-99.1
<SEQUENCE>2
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<P STYLE="margin: 0"></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>FOR IMMEDIATE RELEASE</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>SIRIUSXM ANNOUNCES
EXPIRATION AND RESULTS OF REPURCHASE OFFER WITH RESPECT TO PANDORA MEDIA&rsquo;S CONVERTIBLE NOTES DUE 2020</B></FONT><BR>
<BR>
</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>NEW YORK &ndash; March 15, 2019 &ndash; </B>Sirius
XM Holdings Inc. (NASDAQ: SIRI) today announced the expiration of the previously announced offer (the &ldquo;Repurchase Offer&rdquo;)
by Pandora Media, LLC, its wholly owned subsidiary, to repurchase for cash any and all of its $152,051,000 outstanding 1.75% Convertible
Senior Notes due 2020 (the &ldquo;Notes&rdquo;) at a price equal to 100% of the aggregate principal amount thereof plus accrued
and unpaid interest thereon to, but not including, the repurchase date (the &ldquo;Purchase Price&rdquo;) and on the terms and
subject to the conditions set forth in an Offer to Purchase, dated February 14, 2019 (the &ldquo;Offer to Purchase&rdquo;), and
in the related Letter of Transmittal (the &ldquo;Letter of Transmittal&rdquo; and collectively with the Offer to Purchase, the
&ldquo;Offer Documents&rdquo;).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The Repurchase Offer expired at 11:59 p.m.,
New York City time, on March 14, 2019 (the &ldquo;Offer Expiration Date&rdquo;). As of the Offer Expiration Date, Pandora Media,
LLC had received valid tenders from holders of $151,067,000, or 99.35%, of the total outstanding principal amount of the Notes.
Tendered Notes may not be withdrawn subsequent to the Offer Expiration Date. As a result, Notes tendered may no longer be withdrawn,
unless required by applicable law. Pandora Media, LLC will accept for purchase all Notes validly tendered at or prior to the Offer
Expiration Date and expects to pay the Purchase Price for the Notes accepted for purchase on March 18, 2019.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">D.F. King &amp; Co., Inc. is acting as the tender
agent and information agent for the Repurchase Offer. Questions may be directed to D.F. King at (800) 676-7437 (toll free) or (212)
269-5550 (bankers and brokers).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">This press release is neither an offer to purchase
or sell or a solicitation of an offer to sell or buy the Notes or any of our other securities. The Repurchase Offer was made solely
on the terms and subject to the conditions set forth in the Offer Documents and the information in this press release is qualified
by reference to such Offer Documents.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>About SiriusXM </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Sirius XM Holdings Inc. (NASDAQ:<u>SIRI</u>)
is the world's largest audio entertainment company, and the premier programmer and platform for subscription- and advertising-supported
audio products. With the recent addition of Pandora Media, LLC, the largest streaming music provider in the U.S., SiriusXM reaches
more than 100 million people with its audio products. For more about the new SiriusXM, please go to:&nbsp;<u>https://www.siriusxm.com/</u>.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><I>&nbsp;</I></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; color: #333333"><B><U>FORWARD-LOOKING STATEMENTS</U></B></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; color: #333333"><I>&nbsp;</I></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; background-color: white"><I>This communication
contains &quot;forward-looking statements&quot; within the meaning of the Private Securities Litigation Reform Act of 1995. Such
statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations
and intentions with respect to future operations, products and services; and other statements identified by words such as &quot;will
likely result,&quot; &quot;are expected to,&quot; &quot;will continue,&quot; &quot;is anticipated,&quot; &quot;estimated,&quot;
&quot;believe,&quot; &quot;intend,&quot; &quot;plan,&quot; &quot;projection,&quot; &quot;outlook&quot; or words of similar meaning.
Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject
to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally
beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking
statements.</I></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; background-color: white"><I>The following
factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or
other expectations expressed in the forward-looking statements: our substantial competition, which is likely to increase over time;
our ability to attract or increase the number of subscribers, which is uncertain; our ability to profitably attract and retain
more price-sensitive consumers; failure to protect the security of personal information about our customers; interference to our
service from wireless operations; a decline in the effectiveness of our extensive marketing efforts; consumer protection laws and
their enforcement;</I></P>


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<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; background-color: white"><I>our failure to realize benefits of acquisitions or other strategic initiatives, including the acquisition of
Pandora Media, LLC; unfavorable outcomes of pending or future litigation; the market for music rights, which is changing and subject
to uncertainties; our dependence upon the auto industry; general economic conditions; existing or future government laws and regulations
could harm our business; failure of our satellites would significantly damage our business; the interruption or failure of our
information technology and communications systems; rapid technological and industry changes; failure of third parties to perform;
our failure to comply with FCC requirements; modifications to our business plan; our indebtedness; damage to our studios, networks
or other facilities as a result of terrorism or natural catastrophes; our principal stockholder has significant influence over
our affairs and over actions requiring stockholder approval and its interests may differ from interests of other holders of our
common stock; impairment of our business by third-party intellectual property rights; and changes to our dividend policies which
could occur at any time. Additional factors that could cause our results to differ materially from those described in the forward-looking
statements can be found in our Annual Report on Form 10-K for the year ended December 31, 2018, which is filed with the Securities
and Exchange Commission (the &quot;SEC&quot;) and available at the SEC's Internet site (<u>http://www.sec.gov</u>).
The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward
looking statements as a result of developments occurring after the date of this communication.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white; color: #333333"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Contact for SiriusXM:</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Investors:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Hooper Stevens<BR>
212-901-6718<BR>
<u>hooper.stevens@siriusxm.com</u></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Media:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Patrick Reilly<BR>
212-901-6646<BR>
<u>patrick.reilly@siriusxm.com</u></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>




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