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Exhibit 99.2
NOTICE OF GUARANTEED DELIVERY
XM SATELLITE RADIO INC.
OFFER TO EXCHANGE
14% Senior Secured Notes due 2010 for any and all outstanding
14% Senior Secured Notes due 2010
Pursuant to the Prospectus Dated _________ ___, 2000
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THE EXCHANGE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY
TIME, ON __________ ___, 2000 (THE "EXPIRATION DATE"), UNLESS THE EXCHANGE OFFER
IS EXTENDED BY XM SATELLITE RADIO INC.
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This form or one substantially equivalent hereto must be used by a
holder of Old Notes (as defined below) to accept the Exchange Offer of XM
Satellite Radio Inc. (the "Issuer") and to tender Old Notes to United States
Trust Company of New York, as exchange agent (the "Exchange Agent") pursuant to
the guaranteed delivery procedures described in "The Exchange Offer --
Procedures for Tendering Outstanding Notes -- Guaranteed Delivery" of the
Issuer's Prospectus dated ________ ___, 2000 (the "Prospectus") and in
Instruction 1 to the related Letter of Transmittal. The Exchange Offer provides
holders of the Issuer's outstanding 14% Senior Secured Notes due 2010 (the "Old
Notes") the opportunity to exchange such Old Notes for the 14% Senior Secured
Notes due 2010 offered pursuant to the Prospectus (the "Exchange Notes"), which
Exchange Notes have been registered under the Securities Act of 1933, as amended
(the "Securities Act"), pursuant to a Registration Statement of which the
Prospectus is a part. Any holder who wishes to tender Old Notes pursuant to such
guaranteed delivery procedures must ensure that the Exchange Agent receives this
Notice of Guaranteed Delivery prior to the Expiration Date of the Exchange
Offer. Capitalized terms used but not defined herein have the respective meaning
given to them in the Prospectus.
United States Trust Company of New York, Exchange Agent
By Mail: By Hand before 4:30 p.m.:
United States Trust Company of United States Trust Company of
New York New York
P.O. Box 84 30 Broad Street, B-Level
Bowling Green Station New York, New York 10004
New York, New York 10274
By Overnight Courier and By
By Facsimile: Hand after 4:30 p.m.:
(646) 458-8111 United States Trust Company of
Attn: Customer Service New York
Confirm by telephone: 30 Broad Street, 14th Floor
(800) 548-6565 New York, New York 10004
Originals of all documents sent by facsimile should be sent promptly
by registered or certified mail, by hand or by overnight delivery service.
Facsimile transmission is available to a member firm of a registered national
securities exchange, a member firm of the National Association of Securities
Dealers, Inc., a commercial bank or trust company having an office or
correspondent in the United States or an "eligible guarantor institution" within
the meaning of Rule 17Ad-15 under the Securities Exchange Act of 1934, as
amended (the "Exchange Act") (an "Eligible Institution").
DELIVERY OF THIS NOTICE TO AN ADDRESS OR TRANSMISSION OF INSTRUCTIONS
VIA FACSIMILE OTHER THAN AS SET FORTH ABOVE WILL NOT CONSTITUTE A VALID
DELIVERY.
THIS NOTICE OF GUARANTEED DELIVERY IS NOT TO BE USED TO GUARANTEE
SIGNATURES. IF A SIGNATURE ON A LETTER OF TRANSMITTAL IS REQUIRED TO BE
GUARANTEED BY AN ELIGIBLE INSTITUTION UNDER THE INSTRUCTIONS THERETO, SUCH
SIGNATURE GUARANTEE MUST APPEAR IN
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THE APPLICABLE SPACE PROVIDED ON THE LETTER OF TRANSMITTAL FOR GUARANTEE OF
SIGNATURES.
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Ladies and Gentlemen:
The undersigned hereby tenders to the Issuer, upon the terms and
subject to the conditions set forth in the Prospectus and the related Letter of
Transmittal, receipt of which is hereby acknowledged, the principal amounts of
Old Notes set forth below pursuant to the guaranteed delivery procedures set
forth in the Prospectus and in Instruction 1 of the Letter of Transmittal.
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<CAPTION>
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DESCRIPTION OF OLD NOTES TENDERED
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------------------------------------------------------ ----------------------------- ----------------------------------
Certificate Number(s) (if known) of Old Aggregate Aggregate
Notes or Account Number at the Book-Entry Principal Amount Principal Amount
Facility Represented Tendered
------------------------------------------------------ ----------------------------- ---------------------------------
<S> <C> <C>
----------------------------- ----------------------------------
----------------------------- ----------------------------------
----------------------------- ----------------------------------
----------------------------- ----------------------------------
----------------------------- ----------------------------------
----------------------------- ----------------------------------
----------------------------- ----------------------------------
TOTAL
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</TABLE>
<TABLE>
<S> <C>
Principal Amount of Old
Signature of Registered Holder(s) or Authorized Signatory: Notes Tendered: $
--------------------------------
Date: Certificate Nos. (if available):
----------------------------------------------------
Name(s): --------------------------------------------------
-------------------------------------------------
Total Principal Amount Represented
--------------------------------------------------------- by Old Note Certificate(s):
--------------------------------------------------------- $
-------------------------------------------------
Address: CHECK IF OLD NOTES WILL BE TENDERED BY
------------------------------------------------- BOOK-ENTRY TRANSFER
--------------------------------------------------------- [_] The Depository Trust Company
--------------------------------------------------------- Account Number:
-----------------------------------
---------------------------------------------------------
Zip Code
Area Code and Tel. No.(s):
------------------------------
---------------------------------------------------------
(Please Type or Print)
</TABLE>
THE GUARANTEE ON THE FOLLOWING PAGE MUST BE COMPLETED
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GUARANTEE
(Not to be used for signature guarantee)
The undersigned, being an Eligible Institution, hereby guarantees
deposit with the Exchange Agent of the Letter of Transmittal (or facsimile
thereof), properly completed and duly executed, with any required signature
guarantees, together with the Old Notes tendered hereby in proper form for
transfer (or confirmation of the book-entry transfer of such Old Notes into the
Exchange Agent's account at the Book-Entry Transfer Facility described in the
Prospectus under the caption "The Exchange Offer -- Procedures for Tendering
Outstanding Notes -- Guaranteed Delivery" and in the Letter of Transmittal, in
proper form for transfer), and any other required documents, all by 5:00 p.m.,
New York City time, within three New York Stock Exchange trading days following
the date of execution of the Notice of Guaranteed Delivery.
---------------------------------- ---------------------------------
Name of Firm Authorized Signature
---------------------------------- ---------------------------------
Address Title
---------------------------------- Name:
Zip Code ----------------------------
(Please Type or Print)
Area Code and Tel. No.: Dated:
----------- ---------------------------
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NOTE: DO NOT SEND OLD NOTE CERTIFICATES WITH THIS FORM. ACTUAL SURRENDER OF OLD
NOTES MUST BE MADE PURSUANT TO, AND BE ACCOMPANIED BY, A PROPERLY
COMPLETED AND DULY EXECUTED LETTER OF TRANSMITTAL AND ANY OTHER REQUIRED
DOCUMENTS.
