QVC to fund 7 3/8% senior secured note redemption via cash, loans

By Tali Rackner

Norfolk, Va., March 11 – QVC, Inc. plans to redeem its 7 3/8% senior secured notes due 2020, funding the repayment with cash on hand and funds borrowed under the company’s senior secured credit facility.

The company had planned to raise cash for the redemption from an offering of new notes but it then pulled that transaction from the market.

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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