XM Satellite Radio has scheduled a conference call on Thursday, April 27, 2006, at 10:00 AM ET to announce and discuss its first quarter 2006 financial results. To listen to the conference call via telephone, please call one of the following numbers approximately 10 minutes prior to the planned start of the call.

Call-in number: (877) 265-5808
Local call-in number: (706) 679-7931

The conference call can also be accessed via a live webcast on XM's website.

XM Satellite Radio wants to replace higher interest rate debt with new lower interest rate debt, and establish a revolving credit facility with a group of banks and other financial institutions. These refinancing transactions are expected to lower XM's ongoing interest expense and extend the maturity dates of the company's debt portfolio, as well as provide lower cost standby liquidity through the bank revolver.

Read more about this here. 

XM Satellite Radio just announced that they added over 568,000 net new subscribers during the first quarter of 2006 for a total of more than 6.5 million subscribers. That brings the rate of new subscribers for Q106 to be 6,311.1 additions a day, that's compared to SIRIUS' 8,860.76 subscribers a day.

XM said they are still on track to reach nine million subscribers by the end of 2006.