Attached files
| file | filename |
|---|---|
| EX-99.2 - EXHIBIT 99.2 - QVC INC | exhibit992pricing2.htm |
| EX-99.1 - EXHIBIT 99.1 - QVC INC | exhibit991offering1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): September 6, 2018
QVC, Inc.
(Exact name of registrant as specified in its charter)
State of Delaware | 000-55409 | 23-2414041 |
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) |
1200 Wilson Drive
West Chester, Pennsylvania 19380
(Address of principal executive offices and zip code)
Registrant's telephone number, including area code: (484) 701-1000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 8.01. Other Events
On September 6, 2018, QVC, Inc. ("QVC"), an indirect wholly-owned subsidiary of Qurate Retail, Inc., announced the proposed offering and later announced pricing of $225 million principal amount of new 6.375% senior secured notes due 2067 (the “Notes”). The first press release issued on September 6, 2018 (attached hereto as Exhibit 99.1) announced the proposed offering of the Notes, and the second press release issued later that day (attached hereto as Exhibit 99.2) announced the pricing of the Notes. The Notes will be secured by a first-priority lien on the capital stock of QVC, which is the same collateral that secures QVC’s existing secured indebtedness and certain future indebtedness. The net proceeds from the offering will be used to partially repay existing indebtedness under QVC’s senior secured credit facility and for general corporate purposes. The offering of the Notes is expected to close on or about September 13, 2018, subject to customary closing conditions. QVC also granted the underwriters of this offering an option to acquire up to an additional $33.75 million principal amount of the Notes to cover any over-allotments.
QVC intends to apply to list the Notes on the New York Stock Exchange. If the application is approved, QVC expects trading in the Notes to begin within 30 days after the Notes are first issued.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. | Description | |
99.1 | ||
99.2 | ||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
QVC, Inc. | |
Date: September 7, 2018 | By:/s/ JOHN F. MISKO |
John F. Misko | |
Senior Vice President and Controller | |