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| LINTA > SEC Filings for LINTA > Form 8-K on 5-Jul-2012 | All Recent SEC Filings |
5-Jul-2012
Other Events, Financial Statements and Exhibits
On July 2, 2012, QVC, Inc., a wholly owned subsidiary of Liberty Interactive Corporation ("Liberty"), announced the completion of the previously announced offering (the "Offering") of $500 million principal amount of new 5.125% Senior Secured Notes due 2022 at par (the "Notes"). 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 of the Offering will be used for general corporate purposes, which may include the refinancing of indebtedness under QVC's existing senior secured credit facility.
Liberty previously announced the proposed creation of its Liberty Ventures tracking stock, as described in more detail in Amendment No. 3 to Liberty's Registration Statement on Form S-4 filed on June 22, 2012 (the "S-4"). Subject to the satisfaction or, if applicable, waiver of the conditions to the creation of the Liberty Ventures tracking stock, the Notes, along with all other liabilities that reside with QVC at the relevant time, will be attributed to Liberty's Interactive Group upon implementation of Liberty's new tracking stock structure.
(d) Exhibits
Exhibit No. Name
99.1 Press Release dated July 2, 2012
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