--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-26-044521" form_type: "8-K" ticker: "QVCGA" cik: "0001355096" company_name: "QVC Group, Inc." filed_at: "2026-04-17T23:59:59+00:00" generated_at: "2026-05-15T05:28:07.186007+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # QVC Group files Chapter 11 with prepackaged plan to restructure ~$6.55B debt ## Summary - 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. ## SEC filing metadata - accession: 0001104659-26-044521 - form_type: 8-K - ticker: QVCGA - cik: 0001355096 - company_name: QVC Group, Inc. - filed_at: 2026-04-17T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 1.01, 1.03, 2.04, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1355096/000110465926044521/0001104659-26-044521-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1355096/000110465926044521/tm2611635d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-26-044521 - JSON: https://secwatch.observer/filing/0001104659-26-044521.json - Plain text: https://secwatch.observer/filing/0001104659-26-044521.txt ## Key facts - Debt Financings QVC Group, Inc. faced acceleration on senior notes of Approximately $1.5 billion aggregate principal amount of Liberty LLC's outstanding debentures (plus any accrued but unpa with Holders of LINTA Notes (Liberty Interactive LLC) at 3.75%, 4.00%, 8.25%, 8.50% maturing 2030, 2029, 2030, 2029. - Instrument: senior notes - Principal: Approximately $1.5 billion aggregate principal amount of Liberty LLC's outstanding debentures (plus any accrued but unpa - Counterparty: Holders of LINTA Notes (Liberty Interactive LLC) - Rate: 3.75%, 4.00%, 8.25%, 8.50% - Maturity: 2030, 2029, 2030, 2029 - Event: acceleration source text: Approximately $1.5 billion aggregate principal amount of Liberty LLC's outstanding debentures (plus any accrued but unpaid interest in respect thereof), consisting of: (a) $413.0 million of 3.75% exchangeable senior debentures due 2030; (b) approximately $287 million of 8.50% senior unsecured debentures due 2029; (c) $280.0 million of 4.00% senior unsecured exchangeable debentures due 2029; and (d) $505.0 million of 8.25% senior unsecured debentures due 2030, each issued pursuant to that certain indenture dated as of July 7, 1999, as amended, supplemented or otherwise modified from time to time, by and among Liberty LLC (f/k/a Liberty Media Corporation) and The Bank of New York Mellon Trust Company, N.A. (as successor-in-interest to The Bank of New York Mellon), as trustee. evidence_url: https://www.sec.gov/Archives/edgar/data/1355096/000110465926044521/0001104659-26-044521-index.htm - Debt Financings QVC Group, Inc. faced acceleration on credit facility of Approximately $2.9 billion of borrowings (plus any accrued but unpaid interest in respect thereof) under the Credit Agre with JPMorgan Chase Bank, N.A. and other lenders. - Instrument: credit facility - Principal: Approximately $2.9 billion of borrowings (plus any accrued but unpaid interest in respect thereof) under the Credit Agre - Counterparty: JPMorgan Chase Bank, N.A. and other lenders - Event: acceleration source text: The filing of the Chapter 11 Cases described above in Item 1.03 constitutes an event of default that accelerated the Company Parties’ obligations under the following Debt Instruments: · Approximately $2.9 billion of borrowings (plus any accrued but unpaid interest in respect thereof) under the Credit Agreement. evidence_url: https://www.sec.gov/Archives/edgar/data/1355096/000110465926044521/0001104659-26-044521-index.htm - Debt Financings QVC Group, Inc. faced acceleration on senior notes of Approximately $2.15 billion aggregate principal amount of QVC's outstanding senior secured notes (plus any accrued but u with Holders of QVC Notes at 4.750%, 4.375%, 6.875%, 5.450%, 5.950%, 6.375%, 6.250% maturing 2027, 2028, 2029, 2034, 2043, 2067, 2068. - Instrument: senior notes - Principal: Approximately $2.15 billion aggregate principal amount of QVC's outstanding senior secured notes (plus any accrued but u - Counterparty: Holders of QVC Notes - Rate: 4.750%, 4.375%, 6.875%, 5.450%, 5.950%, 6.375%, 6.250% - Maturity: 2027, 2028, 2029, 2034, 2043, 2067, 2068 - Event: acceleration source text: Approximately $2.15 billion aggregate principal amount of QVC's outstanding senior secured notes (plus any accrued but unpaid interest in respect thereof), consisting of: (a) $44.0 million of 4.750% senior secured notes due 2027; (b) $72.0 million of 4.375% senior secured notes due 2028; (c) $605.0 million of 6.875% senior secured notes due 2029; (d) $400.0 million of 5.450% senior secured notes due 2034; (e) $300.0 million of 5.950% senior secured notes due 2043; (f) $225.0 million of 6.375% senior secured notes due 2067; and (g) $500.0 million of 6.250% senior secured notes due 2068, each issued pursuant to their respective indentures and supplemental indentures, as applicable. evidence_url: https://www.sec.gov/Archives/edgar/data/1355096/000110465926044521/0001104659-26-044521-index.htm - Distress & Bankruptcy QVC Group, Inc. entered chapter 11 in United States Bankruptcy Court Southern District of Texas Houston Division (petition 2026-04-16). - Proceeding: chapter 11 - Court: United States Bankruptcy Court Southern District of Texas Houston Division - Petition: 2026-04-16 source text: On April 16, 2026 (the “Petition Date”), the Company Parties commenced the Chapter 11 Cases under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the Bankruptcy Court to implement the Restructuring Transactions and the Plan, in accordance with the Restructuring Support Agreement. evidence_url: https://www.sec.gov/Archives/edgar/data/1355096/000110465926044521/0001104659-26-044521-index.htm - Material Agreements QVC Group, Inc. entered into Restructuring Support Agreement with Consenting Stakeholders (certain holders of QVC Notes, LINTA Notes, and RCF Lenders) (effective 2026-04-16). - Action: entry - Agreement: notes offering - Counterparty: Consenting Stakeholders (certain holders of QVC Notes, LINTA Notes, and RCF Lenders) - Effective: 2026-04-16 source text: On April 16, 2026, QVC Group, Inc. (“QVC Group” or the “Company” and together with certain of its affiliates, the “Company Parties”) entered into a Restructuring Support Agreement (the “Restructuring Support Agreement” with (i) certain holders of the 4.750% Senior Secured Notes due 2027, 4.375% Senior Secured Notes due 2028, 6.875% Senior Secured Notes due 2029, 5.450% Senior Secured Notes due 2034, 5.950% Senior Secured Notes due 2043, 6.375% Senior Secured Notes due 2067 and 6.250% Senior Secured Notes due 2068 (collectively, the “QVC Notes”) issued by QVC, Inc. (“QVC”) (such holders, the “Consenting QVC Noteholders”), (ii) certain holders of the 3.75% senior unsecured exchangeable debentures due 2030, 4.00% senior unsecured exchangeable debentures due 2029, 8.25% senior unsecured debentures due 2030, and 8.50% senior unsecured debentures due 2029 (collectively, the “LINTA Notes”) issued by Liberty Interactive LLC (“Liberty LLC”) (such holders, the “Consenting LINTA Noteholders”) and evidence_url: https://www.sec.gov/Archives/edgar/data/1355096/000110465926044521/0001104659-26-044521-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.