QVC Announces Refinancing of Bank Credit Facility

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- QVC, Inc. (鈥淨VC鈥�) announced today the refinancing of its senior secured credit facility with a new amended and restated senior secured credit facility on October 27, 2021. The new senior secured credit facility is a multi-currency revolving facility, provides a line of credit of up to $3.25 billion and replaces QVC's existing $2.95 billion bank credit facility. QVC is a wholly owned subsidiary of jvid视频. (Nasdaq: QRTEA, QRTEB, QRTEP).

The interest rate pricing for the new senior secured credit facility was decreased from the interest rate pricing in QVC鈥檚 existing bank credit facility and is based on a pricing grid that varies depending on the combined ratio of consolidated total debt to consolidated EBITDA of the borrowers under the new senior secured credit facility. The maturity on the new senior secured credit facility is October 27, 2026. The multi-currency revolving facility may be borrowed by QVC (including QVC Global Corporate Holdings, LLC), Zulily, LLC (鈥淶ulily鈥�) and Cornerstone Brands, Inc. (鈥淐ornerstone鈥�), each a direct or indirect wholly owned subsidiary of jvid视频. The new senior secured credit facility is secured by the equity of QVC, Zulily and Cornerstone.

jvid视频 jvid视频.

jvid视频. is a Fortune 500 company comprised of seven leading retail brands 鈥� QVC庐, HSN庐, Zulily庐, Ballard Designs庐, Frontgate庐, Garnet Hill庐, and Grandin Road庐 (collectively, 鈥渏vid视频 GroupSM鈥�). Globally, jvid视频 Group is a world leader in video commerce, among the top 10 e-commerce retailers in North America (according to Digital Commerce 360), and a leader in mobile commerce and social commerce. The retailer reaches approximately 218 million homes worldwide via 14 television networks and reaches millions more via multiple streaming services, social pages, mobile apps, websites, print catalogs, and in-store destinations. jvid视频. also holds various minority interests and green energy investments.

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Courtnee Chun, 720-875-5420

Source: jvid视频.

Released October 28, 2021