Qurate Retail Group ( (QRTEA) ) has shared an announcement.
QVC, Inc., part of Qurate Retail, has launched two exchange offers targeting holders of its existing notes, proposing a swap from 4.750% Senior Secured Notes due 2027 and 4.375% Senior Secured Notes due 2028 for new 6.875% Senior Secured Notes due 2029 plus cash. These offers aim to restructure current debt and are backed by a cash contribution from Liberty Interactive LLC, excluding a $75 million payment by QVC. While initiating these offers, QVC has clarified that this action is not an attempt to buy or sell any securities.
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