By Michael Dabaie 



  Sirius XM Holdings Inc. said its subsidiary, Sirius XM Radio Inc., plans to offer $1 billion of senior notes due 2030. 


  The company said it intends to use the net proceeds, together with cash on hand, to redeem all of its outstanding 5.375% senior notes due 2025 at a redemption price of 102.688% of the principal amount plus accrued and unpaid interest thereon to, but excluding, the redemption date. 


  Shares of the audio entertainment company were up 1.1% to $6.58 premarket. 


  Write to Michael Dabaie at michael.dabaie@wsj.com