topic Re: Chapter 11 Filing Confirmed Today in Q Talk

Chapter 11 Filing Confirmed Today

They CallMe MRWILKES — Wed, 15 Apr 2026 23:47:15 GMT

Release of 2025 Annual Report with Disclosure:

Chapter 11 Proceedings

Voluntary Filing under Chapter 11

On or about April 15, 2026 (the “Petition Date”), QVC Group and certain of our direct and indirect subsidiaries (excluding subsidiaries outside of the U.S. with the

exception of one non-operating subsidiary in Luxembourg), including QVC, Inc. (collectively, the “Company Parties”), intend to commence voluntary cases (the “Chapter 11 Cases.)

As of the Petition Date, we intend to operate our businesses as a debtor-in-possession under the jurisdiction of the Bankruptcy Court in accordance with

the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court.

Re: Chapter 11 Filing Confirmed Today

Caaareful Shopper — Wed, 15 Apr 2026 22:30:40 GMT

Well, there it is. Expected, but still feels so surprising at the same time.

Thank you for posting.

Re: Chapter 11 Filing Confirmed Today

shoekitty — Wed, 15 Apr 2026 23:17:02 GMT

oh dear, well expected. Hopefully they can rise up from here.

Re: Chapter 11 Filing Confirmed Today

princessbabz — Wed, 15 Apr 2026 22:22:36 GMT

Thanks! I was just about to report it.

Re: Chapter 11 Filing Confirmed Today

They CallMe MRWILKES — Wed, 15 Apr 2026 23:14:19 GMT

Due to prearranged agreements with key lenders the bankruptcy may only last 90 days which is good news:

"QVC Group is targeting emergence from the Chapter 11 Cases within approximately 90 days.

Commencing the Chapter 11 Cases will constitute an event of default that accelerates the Company Parties’ respective obligations under (i) the 4.750% Senior Secured
Notes due 2027, 4.375% Senior Secured Notes due 2028, 6.875% Senior Secured Notes due 2029, 5.450% Senior Secured Notes due 2034, 5.950% Senior Secured Notes due
2043, 6.375% Senior Secured Notes due 2067, and 6.250% Senior Secured Notes due 2068 (collectively, the “QVC Notes”), issued by QVC, (ii) the 3.75% senior unsecured
exchangeable debentures due 2030, 4.00% senior unsecured exchangeable debentures due 2029, 8.25% senior unsecured debentures due 2030, and 8.50% senior unsecured
debentures due 2029 (collectively, the “LINTA Notes”), issued by Liberty Interactive LLC (“LI LLC”) and (iii) that certain Fifth Amendment and Restatement Agreement dated
as of October 27, 2021, by and among QVC and QVC Global Corporate Holdings, LLC, the lenders from time to time party thereto, and JPMorgan Chase Bank, N.A., as
administrative and collateral agent (the “Credit Agreement,” and the credit facility thereunder, the “Credit Facility”). The Credit Facility, together with the QVC Notes and
LINTA Notes, are herein referred to as the “Debt Instruments”. The Credit Facility and the QVC Notes provide that, as a result of the Chapter 11 Cases, the principal and
interest due thereunder shall be immediately due and payable.

The exchangeable senior debentures provide that the amount accelerated is the greater of (x) the current principal amount of the exchangeable senior debentures or (y) the market value of the reference shares, plus all accrued and unpaid interest and all pass-through distributions due with respect to the reference shares shall be immediately due and payable. Any efforts to enforce such payment obligations under the Debt Instruments will be automatically stayed.

Re: Chapter 11 Filing Confirmed Today

kaydee50 — Wed, 15 Apr 2026 23:06:24 GMT

How does this affect their operations? Business as usual or will there be cutbacks?

Re: Chapter 11 Filing Confirmed Today

Venezia — Wed, 15 Apr 2026 23:08:49 GMT

I worked for a company that filed Chapter 11 Bankruptcy. It was a chance to reorganize and ameliorate debt and debt interest.

Last I knew they're still in business and that was over 15 years ago.

Chapter 11 is not necessarily the end of the road for any company.

(For those posters who've previously said they couldn't wait for QVC to fail, I wouldn't start celebrating just yet!)

Re: Chapter 11 Filing Confirmed Today

AngfromFlorida — Wed, 15 Apr 2026 23:35:52 GMT

Thank you for posting. I can tell you that is this is a more common business practice for companies. I am currently working for a company that has exited successfully Chapter 11 twice in the last 12 years. I can tell you as a company, we are stronger after that last filing of Chapter 11. We made mistakes as a company but learned from them and are now more financially secure. I will tell you with the company that I work for latest filing and exit, there was a change in senior leadership and we got back to basics of what we do as a company. I hope that QVC/HSN can do that as well. Go back to what you were good at for 40 years. I think they will become stronger and better after this. This is the best for them as a company right now. .

Re: Chapter 11 Filing Confirmed Today

shoekitty — Tue, 21 Apr 2026 18:38:25 GMT

@Venezia yes, chapter 11 can help. At this point other people get involved and there is some control. If the CEO and under managers have failed, things can be fixed. It won't be business as usual. I have hopes. Until QVC sells made in US clothing and things I need besides food, I won't be shopping here. I haven't,except food items for years. But they serve a great purpose. People depend on them. I have internet, and shop elsewhere there . I also live near a big city. Many people don't, they live in rural areas or remote areas and depend on hosts showing them items. I think QVC will comeback, different...but good

Re: Chapter 11 Filing Confirmed Today

Venezia — Wed, 15 Apr 2026 23:42:01 GMT

I'd be happy to see them come back with different offerings. I used to love watching the specialty shows they did. Oktoberfest always sticks in my mind. I loved the things they brought in that were made in Germany.

I do agree with some posters that things have become too generic; too much of things you can get anywhere. Now it's more of "you can only get this color here"!

QVC used to introduce its customers to new and varied products. However, I will remain hopeful that they do manage to reorganize and carry on.

If they fail, it won't only affect them and their employees but all the vendor companies with whom they deal. It will be a domino effect.

Re: Chapter 11 Filing Confirmed Today

Skyegirl21 — Wed, 15 Apr 2026 23:50:46 GMT

Thanks for keeping us posted @They CallMe MRWILKES .
I hope they can make it work!! I love the Q!

Re: Chapter 11 Filing Confirmed Today

shoekitty — Wed, 15 Apr 2026 23:58:44 GMT

@Venezia I remember those days. Fun , they brought unusual, interesting items. I think since Covid, they got into more debt. Then, I think when you are in pre chapter 11,,or bankruptcy vendors pull out. They don't get paid on time. Checks are late. Returns are higher... I think many vendors pulled out, and new ones are skiddish after bankruptcy reports. Many unique vendors just can't afford to wait for pay, they have employees and such. That's why Q is selling min,y big vendors with established companies.

Re: Chapter 11 Filing Confirmed Today

They CallMe MRWILKES — Thu, 16 Apr 2026 00:05:20 GMT

I've mentioned in earlier threads that many companies successfully emerge from a Chapter 11 restructuring.

For example, all of the major airlines have filed, kept flying throughout and exist in some form today.

Of course, retailing is different and much more challenging, but I wish QVC Group well.

Re: Chapter 11 Filing Confirmed Today

skatting44 — Thu, 16 Apr 2026 00:18:31 GMT

This was the path of SHOPHQ :

" ShopHQ (formerly ShopNBC, Evine) underwent a tumultuous financial decline, culminating in its parent company, iMedia Brands Inc., filing for Chapter 11 bankruptcy in June 2023 with over $350 million in debt. The company, which had struggled with declining cable viewership, high inflation, and lower consumer discretionary spending, was sold to IV Media, a subsidiary of Innovation Ventures LLC (makers of 5-Hour Energy), shortly after the filing "

Re: Chapter 11 Filing Confirmed Today

granddi — Thu, 16 Apr 2026 01:23:24 GMT

Something unsettling is happening to all retail.

I'm getting (as are all of you) unexpected sales, deals, coupons from companies that don't normally offer any specials.

We've come to expect Talbots and Macys business model of there is always a deal going on. But I'm getting special offers from the likes of Nic+Zoe, EF, Bloomingdales, Athleta, Johnny Was

Even local restaurants are sending out $25 off come see us.

It seems there is some cash raising going on. Humm

Re: Chapter 11 Filing Confirmed Today

Sakuya — Thu, 16 Apr 2026 02:29:23 GMT

I hope that QVC comes out of this stronger and makes the necessary changes for a positive result for all, including the customers. There is no QVC without its customers.

Re: Chapter 11 Filing Confirmed Today

Parischic — Thu, 16 Apr 2026 03:36:37 GMT

@They CallMe MRWILKES

Airlines provide travel, move mail, packages etc unfortunately QVC is a shopping channel and isn't vital by any means.

Re: Chapter 11 Filing Confirmed Today

Sooner — Thu, 16 Apr 2026 03:59:55 GMT

I don't see a think changing or the downhill slide stopping unless their is a housecleaning of management. I don't see that happening either.

If they were going to right the ship, it would be showing by now. Isn't this the anniversary time of the Titanic?

Re: Chapter 11 Filing Confirmed Today

shopped out — Thu, 16 Apr 2026 04:33:36 GMT

Ditto just read it. Glad my last purchase was bras at $10. ea.
Wonder if the prices will come down

Re: Chapter 11 Filing Confirmed Today

stellabystarlight — Thu, 16 Apr 2026 05:03:33 GMT

I think that the prices have to come down. They are ridiculously high. And people cannot afford to pay $30, $40 or more a month since items are only on 2 to 3 EZ pays. Customers hesitate to shell the much money out when it could cut into their other expenses such as food, gas, mortgage, rent, utilities, etc. The Q needs an excellent financial advisor.