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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.
See more data about QRTEA stock on TipRanks’ Stock Analysis page.
