QVC pulls planned add-on to 5.95% notes due 2043, cites market

By Aleesia Forni

Virginia Beach, March 11 – QVC Inc. withdrew a planned add-on to its existing 5.95% senior notes due March 15, 2043 in response to current market conditions, according to a company news release.

The company will use cash on hand and funds borrowed under its senior secured credit facility to proceed with the redemption of its 7.375% senior secured notes due 2020.

QVC is a cable, satellite and broadcast television network specializing in televised home shopping. It is a wholly owned subsidiary of Liberty Interactive Corp.

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