Qurate Retail, Inc. Series B - QRTEB STOCK NEWS

QVC, Inc. has successfully completed its previously announced exchange offers for its outstanding 2027 and 2028 notes. Approximately 89% of the principal amount of these notes was tendered and cancelled. Specifically, 92.4% of the 4.750% Senior Secured Notes due 2027 and 85.5% of the 4.375% Senior Secured Notes due 2028 were exchanged.

The exchange offers resulted in QVC issuing approximately $605 million in new 6.875% Senior Secured Notes due April 2029, along with about $352 million in cash. This transaction improves QVC's credit profile by reducing its debt balance and extending its maturity profile, which could support a potential future extension of QVC and its affiliates' existing senior secured credit facility.

Liberty Interactive , a subsidiary of Qurate Retail, Inc., contributed approximately $277 million in cash to fund part of the cash consideration for the offers.

Qurate Retail Group, part of Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP), has appointed Rosalia Bucaro as Chief Merchandising Officer for HSN. Bucaro, a retail and e-commerce veteran with over two decades of experience at Rue Gilt Groupe and Bloomingdale's, will report to Stacy Bowe, President of HSN.

In her new role, Bucaro will oversee the strategic direction of merchandising, planning, programming, and business development across all product categories. Her focus will be on revitalizing product assortment, forging celebrity partnerships, and creating merchandise that resonates with existing and new customers across all channels.

Bucaro's most recent position was Executive Vice President at Rue Gilt Groupe, where she oversaw fashion divisions, boutique production, studio operations, and brand operations. She also served as a key liaison between merchandising and technology.

QVC, Inc. announced the results of its private exchange offers for outstanding 2027 and 2028 notes. Approximately 89% of the principal amount of these notes were successfully tendered. The exchange offers, which expired on September 20, 2024, aimed to swap the old notes for newly-issued 6.875% Senior Secured Notes due April 2029 and cash.

The company expects to deliver about $604.5 million in new notes and $352.0 million in cash in exchange for the tendered old notes. Liberty Interactive , a subsidiary of Qurate Retail, Inc., will contribute approximately $277.0 million to fund part of the cash consideration. This transaction is expected to improve QVC's credit profile by reducing debt balance and extending maturity profile.

QVC, a leader in live shoppable entertainment, has announced the launch of Stripes Beauty, a pro-aging beauty brand created by actress and Q50 Ambassador Naomi Watts. The brand offers science-backed solutions for perimenopause and menopause, addressing the physical and emotional changes women experience during this life stage. The collection, available on QVC.com and premiering on-air September 20, includes products like the Vag of Honor Hydrating Treatment and The Power Move Hydrating & Plumping Facial Serum.

Watts founded Stripes Beauty in 2022 to normalize conversations about menopause and promote confidence among women. The brand's launch on QVC aims to provide a platform for discussing these important topics and offer innovative products to QVC's customer base, which includes many women over 50 navigating their own menopause journeys.

QVC and the Housewares Charity Foundation have launched their fourth Living for Giving shopping event to support Feeding America. Running through December 20, 2024, across all QVC platforms, the event offers customers discounted national brand houseware products, with a minimum of 70% of the purchase price going towards Feeding America's network of food banks.

A special live broadcast will air on September 25 from 6-8 PM ET, featuring notable brands. In 2023, the campaign generated over $1.1 million, providing more than 11 million meals to people facing hunger. Since 2021, QVC and the Housewares Charity Foundation have helped deliver over 29 million meals to families in need.

QVC, Inc. has launched private exchange offers for its outstanding 2027 and 2028 Notes. The exchange aims to improve QVC's credit profile by reducing debt balances and extending maturity. Eligible holders can exchange their old notes for new 6.875% Senior Secured Notes due April 2029 and cash. The exchange offers will expire on September 20, 2024, with settlement expected on September 25, 2024. The new notes will have identical restrictive covenants to the 2028 Notes and rank pari passu with existing QVC notes. A minimum of $300 million aggregate principal amount of new notes must be issued for the exchange to proceed. The offers are only available to qualified institutional buyers and non-U.S. persons outside the United States.

Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has announced that Greg Maffei, the company's Executive Chairman, will be presenting at the Goldman Sachs Communacopia & Technology Conference. The presentation is scheduled for Tuesday, September 10th at 6:05 p.m. E.T. in San Francisco.

During his presentation, Mr. Maffei may provide insights into Qurate Retail's financial performance and outlook, along with other relevant information about the company. This event offers an opportunity for investors and analysts to gain valuable insights into Qurate Retail's current status and future plans directly from its executive leadership.

QVC has announced an exclusive collaboration with Stacy London, renowned stylist and Q50 Ambassador, launching the 'by Stacy London' apparel collection. Premiering on-air on August 23, the collection is designed to empower women over 50 through fashion, aligning with QVC's Age of Possibility initiative. The line features inclusive sizing from XXS to 3X (0-28) and prices ranging from $39.00 to $150.00.

The collection includes versatile wardrobe staples and statement pieces, incorporating Stacy's signature 'addables' - interchangeable collars and cuffs for customizable looks. This launch marks an important addition to QVC's fashion offerings, aiming to inspire confidence and self-expression in their 50+ customer base.

Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has declared a quarterly cash dividend for holders of its 8.0% Series A Cumulative Redeemable Preferred Stock. The dividend amount is $2.00 per share, payable on September 16, 2024, to stockholders of record at the close of business on September 3, 2024. Qurate Retail is a Fortune 500 company comprising six retail brands: QVC, HSN, Ballard Designs, Frontgate, Garnet Hill, and Grandin Road. As the largest player in video commerce, Qurate Retail Group reaches over 200 million homes worldwide through various channels, including TV, streaming platforms, websites, and mobile apps.