Television Shopping Channel QVC Floats $1 Billion Debt Exchange
- It is offering an exchange of its 2027 and 2028 notes
- Offer intends to boost QVC’s credit profile, push maturities
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Television shopping channel QVC Inc. launched exchange offers for its notes due 2027 and 2028 to push out maturities and take advantage of the debt trading at lower levels.
The exchange is targeting QVC’s 4.75% senior secured notes due 2027 and its 4.375% notes due 2028, according to a statement from the company. Altogether, these notes have about $1 billion in principal outstanding.