XM Satellite exchanged $172.5 mln in senior notes

said Friday its wholly-owned subsidiary XM Satellite Radio Holdings had exchanged about $172.5 million aggregate principal amount of its outstanding 10% Convertible Senior Notes due December 2009 for a like amount of newly issued Senior Secured Notes due 2011. A total of $400 million in principal amount of the 10% Convertible Senior Notes due December 2009 was outstanding prior to this deal. The new Senior Secured Notes will mature