QVC Group files Chapter 11 with prepackaged plan to restructure ~$6.55B debt

QVC Group, Inc.

Entered RSA with creditors; filed Chapter 11 on April 16, 2026 in Southern District of Texas.
Plan to restructure $2.15B QVC Notes, $1.5B LINTA Notes, and $2.9B credit facility.
Holders of Credit Facility and QVC Notes get pro rata share of ~$1.3B takeback debt, cash, and 100% new equity.
Non-funded trade/contract claims to be unimpaired and paid in full; equity interests expected to be canceled for no recovery.
Expect to emerge within ~90 days; seek DIP LC facility of $300M to support operations.

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