Liberty Media understands; sometimes, corporations manage to get themselves into $175 million worth of debt. Sirius XM did, at least.

In a gracious move, the media conglomerate has stepped up to keep the satellite radio service away from bankruptcy. According to the Washington Post, the $530 million loan received by Sirius XM will go towards

…paying $175 million in debt that comes due for Sirius today. The remainder of funds will be used to pay other debts coming due in May and at the end of the year, and for general working capital to run the satellite radio business.

In exchange, Liberty will receive 40 percent of Sirius’s common stock and get seats on Sirius’s board of directors. Liberty Chairman John Malone and chief executive Greg Maffei are expected to take those seats.

So, at least for the next few months, you’ll still get Howard Stern. Don’t worry.