QVC INC

QVC Group, Inc. has filed its quarterly post-confirmation report for the period August 6, 2026, to September 30, 2026, following its emergence from Chapter 11 bankruptcy on August 6, 2026. The company emphasizes that these reports are not audited, were not prepared for investment decisions, and should not be relied upon for assessing current or future financial condition or performance.

QVC Group announced its successful emergence from Chapter 11 bankruptcy on August 6, 2026, completing its financial restructuring. The company significantly reduced its total debt by over $5 billion and secured new financing, including $1.24 billion in senior secured notes, $84.6 million in term loans, and a $600 million asset-based revolving credit facility. Concurrently, David Rawlinson stepped down as President and CEO, with industry veteran Mike George appointed as Interim CEO and Chair of a newly formed eight-member Board of Directors.

QVC Inc. reported its Q2 2026 financial results while operating as a debtor-in-possession under Chapter 11 bankruptcy, filed on April 16, 2026. The company's total equity turned negative, reaching $(571) million as of June 30, 2026, down from $1,268 million at the end of 2025. A financial restructuring plan has been confirmed by the Bankruptcy Court, aiming to address approximately $5.1 billion in liabilities subject to compromise.

QVC Inc. announced that the Bankruptcy Court confirmed its Second Amended Joint Prepackaged Plan of Reorganization on July 20, 2026. This plan outlines the treatment of various claims, including the cancellation of all existing equity interests for no consideration. The company intends to effect the transactions contemplated by the Plan and emerge from chapter 11 protection after conditions precedent are met.

QVC Group, Inc. announced that the Bankruptcy Court confirmed its comprehensive, prepackaged financial restructuring plan on July 15, 2026. This follows the voluntary Chapter 11 petitions filed by QVC Group, Inc. and its affiliates on April 16, 2026. The company also filed its Monthly Operating Reports for May 2026, providing financial information, but cautioned investors not to place undue reliance on these unaudited reports, as they were prepared solely for bankruptcy compliance and not for investment decisions.

QVC, Inc. has filed its Monthly Operating Report (MOR) for the period ending April 30, 2026, detailing its financial condition and operations during its Chapter 11 bankruptcy case. The report indicates a cash balance of $338,095,102, with receipts of $189,546,732 and disbursements of $189,753,535 for the reporting period. The company reported a net loss of $34,598,764 and a significant net worth deficit of $856,708,689 due to total liabilities exceeding total assets. No professional fees were paid during this period.

QVC Group, Inc. and its affiliates initiated voluntary Chapter 11 cases on April 16, 2026, to restructure its capital structure, leading to an event of default on its debt instruments and the delisting of its 2067 and 2068 Notes from the NYSE. The restructuring plan involves issuing approximately $1.3 billion in takeback debt and distributing equity in the reorganized company. For the first quarter ended March 31, 2026, QVC reported a net loss of $25 million on $1,769 million in revenue, with operating income increasing to $56 million. The company also noted substantial doubt about its ability to continue as a going concern.

QVC, Inc. announced that NYSE Regulation has decided to delist its 6.375% Senior Secured Notes due 2067 (QVCD) and 6.250% Senior Secured Notes due 2068 (QVCC) from the New York Stock Exchange. Trading in these notes has been immediately suspended. This decision was made after QVC disclosed that it and certain affiliates had filed for Chapter 11 bankruptcy, with NYSE Regulation citing unsuitability for listing and uncertainty regarding the notes' value. The company does not plan to appeal the delisting.

QVC Group, Inc. and certain affiliates entered into a Restructuring Support Agreement on April 16, 2026. This agreement involves various holders of QVC Notes, Liberty Interactive LLC (LINTA) Notes, and lenders under the Credit Facility. The purpose of the agreement is to facilitate a restructuring of these debt instruments, which include senior secured notes, senior unsecured exchangeable debentures, and revolving credit commitments.

QVC, Inc. has filed its annual Form 10-K report for the fiscal year ended December 31, 2025, with the Securities and Exchange Commission. The company confirmed its compliance with all reporting requirements under the Securities Exchange Act of 1934 for the preceding 12 months. Additionally, QVC, Inc. is designated as a non-accelerated filer, and there is no publicly traded market for its common stock.