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QVC plans offering of $25-par senior secured notes due 2067
By James McCandless
San Antonio, Sept. 6 – QVC, Inc. plans to price an offering of $25-par senior secured notes due Sept. 13, 2067, according to a 424B5 filing with the Securities and Exchange Commission.
BofA Merrill Lynch, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, UBS Securities LLC and Wells Fargo Securities, LLC are the joint bookrunners.
Barclays and J.P. Morgan Securities LLC are the joint lead managers.
The notes are redeemable after five years.
QVC plans to use the proceeds to repay a portion of the outstanding debt under its senior secured credit facility and for general corporate purposes.
The company plans to list the notes on the New York Stock Exchange under the symbol “QVCD.”
QVC is a West Chester, Pa.-based multimedia retailer.
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