WEST CHESTER, Pa.--(BUSINESS WIRE)--QVC, Inc. announced today its intention to offer Senior Secured Notes due 2067, subject to market and other conditions. The Notes will be secured by a first-priority lien on the capital stock of QVC, which is the same collateral that secures QVC’s existing secured indebtedness and certain future indebtedness. The net proceeds from the offering will be used to partially repay existing indebtedness under QVC’s senior secured credit facility and for general corporate purposes. QVC is a wholly-owned subsidiary of Qurate Retail, Inc. (formerly Liberty Interactive Corporation) (Nasdaq: QRTEA and QRTEB).

QVC intends to apply to list the Notes on the New York Stock Exchange. If the application is approved, QVC expects trading in the Notes to begin within 30 days after the Notes are first issued.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, RBC Capital Markets, LLC and UBS Securities LLC are the joint book-running managers for this offering.