QVC to start roadshow Thursday for $500 million 10-year secured notes

By Paul A. Harris

St. Louis, Sept. 16 - QVC, Inc. will host and investor call and begin a roadshow on Thursday for its $500 million offering of 10-year senior secured notes (expected ratings Ba2/BB+), according to an informed source.

The notes are expected to price on Sept. 22.

Wells Fargo Securities and Barclays Capital Inc. are joint bookrunners. Calyon Securities, Fortis Investments, Mizuho Securities USA Inc. and RBS Securities Inc. are co-managers.

The Rule 144A for life notes come with five years of call protection.

Proceeds will be used to repay existing term loans.

QVC is an Englewood, Colo.-based television and multimedia retailing company.

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