Television Shopping Channel QVC Floats $1 Billion Debt Exchange [BNN Bloomberg (Canada)]
Qurate Retail, Inc. - Series A (QRTEA)
Last qurate retail, inc. - series a earnings: 2/25 04:30 pm
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Source: BNN Bloomberg
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. Both notes have been trading below par, with the 2027 bonds trading at 91 cents on the dollar and the 2028 obligations changing hands at 81 cents, according to pricing source Trace. They're higher by several cents on the dollar on Wednesday, after the debt exchange was announced. Exchange offers have become a popular way for heavily indebted companies to manage their liabilities before a restructuring or costly refinancing. QVC's endeavor is intended to improve the company's credit profile by “reducing debt balances” and extending its maturities, according to the statement. A minimum amount of $300 million in new notes have to be issued in the exchange offers. Holders of the 2028 notes will receive $1,000 in principal of 6.875% notes due 2029. Those who own the 2027 n
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News
- Q50 Ambassador and Women's Health Advocate Naomi Watts Launches Pro-Aging Beauty Brand on QVCPR Newswire
- Qurate Retail, Inc. (NASDAQ: QRTEA) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Cedros Avenue Gets a New, Iconic Furniture Store as Ballard Designs' California Dreams Come True [Yahoo! Finance]Yahoo! Finance
- Television Shopping Channel QVC Floats $1 Billion Debt Exchange [Yahoo! Finance]Yahoo! Finance
- QVC, Inc. Announces Private Exchange Offers for Any and All Outstanding 2027 Notes and 2028 NotesBusiness Wire
QRTEA
Earnings
- 2/28/24 - Beat
QRTEA
Sec Filings
- 9/17/24 - Form 4
- 9/12/24 - Form 4
- 9/11/24 - Form 8-K
- QRTEA's page on the SEC website