QVCD Profile
QVC, Inc. is a subsidiary of Qurate Retail Group that markets and sells consumer goods, including home, fashion, beauty, electronics, and jewelry, through various platforms such as television networks, websites, mobile applications, and social media. The company operates in the United States, Japan, Germany, Italy, and the United Kingdom.
QVC, Inc. issued 6.375% Senior Secured Notes Due 2067 with a principal amount of $500 million in 2017. The notes are secured by first priority liens on substantially all of QVC, Inc.'s assets and are guaranteed by its subsidiaries. The notes have a fixed interest rate of 6.375% per annum and are due on August 1, 2067.
The proceeds from the issuance of the notes were used to repay outstanding borrowings under Qurate Retail Group's revolving credit facility, to pay a distribution to its stockholders, and for general corporate purposes. The notes are listed on the New York Stock Exchange under the ticker symbol QVCD.
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