XM Radio Needs Money-For Baseball

"When XM Satellite Radio signed its 8-year deal with Major League Baseball, part of the terms included an annual payment of $60 million plus a $120 million escrow account. XM now faces a serious hurdle - the surety bond for the $120 million expires June 30, and XM has replaced that bond by using $57.5 million in available cash and taking out a $62.5 million loan."

http://www.radio-info.com/