Stop the Presses: Home Shopping Network QVC Prices Secured Notes at $1 Billion

We promised you news, so here it is. QVC priced $1 billion in 10-year senior secured notes Tuesday, twice the amount the home shopping network originally planned to offer to institutional investors. The net proceeds will be used to purchase QVC’s outstanding borrowings under its senior secured credit facilities.

Got that? We don’t have any details, but we don’t think any of this $1 billion is on Easy Pay.

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