Cahill represented the underwriters in connection with a public offering of $225,000,000 aggregate principal amount of 6.375% senior secured notes due 2067 by QVC, Inc., an American cable, satellite and broadcast television network, and flagship shopping channel specializing in televised home shopping.
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.
Application has been made to list the notes on the New York Stock Exchange under the ticker symbol “QVCD” and QVC expects that trading on the notes will commence within 30 days of issuance. Proceeds from the offering were used to refinance existing indebtedness and for general corporate purposes.
Cahill advised with a team including James J. Clark (Picture), William J. Miller, Mohammad A. Islam, Tristan Manley, Ani Ravi and Kostantinos V. Skordalos.
Involved fees earner: James Clark – Cahill Gordon & Reindel; William Miller – Cahill Gordon & Reindel; Mohammad Islam – Cahill Gordon & Reindel; Tristan Manley – Cahill Gordon & Reindel; Ani Ravi – Cahill Gordon & Reindel; Kostantinos Skordalos – Cahill Gordon & Reindel;
Law Firms: Cahill Gordon & Reindel;