July 23, 2016 8:17 PM ET

Internet and Catalog Retail

Company Overview of QVC, Inc.

Company Overview

QVC, Inc. engages in the retail of various consumer products through merchandise-focused televised shopping programs, the Internet, and mobile applications. It operates through QVC-U.S. and QVC-International segments. The company provides home, beauty, apparel, jewelry, accessory, and electronics products. It also broadcasts pre-recorded shows on various channels comprising QVC Plus in the United States; QVC Beauty & Style and QVC Plus in Germany; and QVC Beauty, QVC Extra, QVC Style, and QVC +1 in the United Kingdom, which allow viewers access to a range of QVC programming options. In addition, the company operates QVC.com, a Website that allows consumers to purchase various goods offered o...

1200 Wilson Drive

West Chester, PA 19380

United States

Founded in 1986

17,600 Employees

Phone:

610-701-1000

Key Executives for QVC, Inc.

Chief Executive Officer and President
Age: 55
Chief Financial Officer, Principal Accounting Officer and Executive Vice President of Strategy
Age: 54
Chief Operating Officer
Chief Executive Officer of QVC UK
Chief Executive Officer of QVC Germany
Compensation as of Fiscal Year 2016.

QVC, Inc. Key Developments

QVC, Inc. Announces Refinancing of its Senior Secured Credit Facility with New Amended and Restated Senior Secured Credit Facility

QVC, Inc. announced the refinancing of its senior secured credit facility with a new amended and restated senior secured credit facility. The new senior secured credit facility is a multi-currency facility, provides a line of credit of up to $2.65 billion and replaces QVC's existing $2.25 billion bank credit facility. The new credit facility includes a $400 million tranche on which Liberty Interactive’s subsidiary zulily, llc is a co-borrower. The interest pricing for the new senior secured credit facility is the same as the previous credit facility, and the maturity on the majority of the new credit facility extends to June 23, 2021. QVC's maximum leverage ratio covenant under the new credit facility will be 3.5x, which is unchanged from the previous credit facility. Additionally, there is a combined zulily and QVC leverage covenant, which improves the overall interest rate under the new credit facility. The new credit facility is secured by the stock of QVC, Inc. and zulily, llc.

QVC Presents at Goldman Sachs Seventh Annual dotCommerce Day Conference, Jun-15-2016 02:55 PM

QVC Presents at Goldman Sachs Seventh Annual dotCommerce Day Conference, Jun-15-2016 02:55 PM. Venue: The Mandarin Oriental Hotel, New York, New York, United States.

SES S.A Signs Long-Term Capacity Agreement Renewal with QVC

SES S. A announced the renewal by QVC of a key, multi-year capacity deal. With this agreement, financial details of which are not available, QVC has moved a significant block of its regional shopping channel content to the centre of the orbital arc. As a part of this agreement, QVC has signed a capacity extension to deliver a major portion of its regional 24/7 shopping shows and exclusive product showcase lineup on the SES-3 satellite. This deal represents QVC's steady migration to one of three SES satellites (SES-1, SES-3, AMC-18) hosting the next-generation, centre of the arc cable neighborhood. Also, SES-3 is home to QVC Plus, the multichannel retailer's newest US broadcast.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 17, 2015
zulily, llc
 

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