QVC Inc chapter 11 plan confirmed by bankruptcy court on July 20, 2026

1. Bankruptcy Court entered Confirmation Order on July 20, 2026 (Docket No. 722) confirming the Second Amended Joint Prepackaged Plan
2. RCF Claimholders and QVC Notes Claimholders will receive pro rata share of QVC Distributable Cash, Takeback Debt, and 100% of QVC New Equity Interests, subject to dilution by MIP Shares
3. All of QVC Group, Inc.'s pre-Effective Date equity interests, including Series A common stock, Series B common stock, and 8.0% Series A Cumulative Redeemable Preferred Stock, will be cancelled for no consideration
4. As of June 30, 2026, QVC Group, Inc. had 7,911,869 shares of Series A common stock, 182,233 shares of Series B common stock, and 12,723,158 shares of 8.0% Series A Cumulative Redeemable Preferred Stock outstanding
5. After consummation of the Plan, 50,000,000 shares of common stock of Reorganized QVC are currently expected to be issued and outstanding
6. Takeback Debt shall have aggregate original principal amount of $1.275 billion (or $1.325 billion if Exit ABL Facility obtained without minimum draw condition)
7. Exit ABL Facility in aggregate original principal amount up to $750 million
8. LINTA Distributable Cash equals $88,060,000 plus LINTA Settlement Cash Pool of $23,281,033.70, less specified expenses and obligations
9. RCF Loan Claim in aggregate principal amount of approximately $2,900,000,000 plus accrued and unpaid interest, fees, or premiums as of Petition Date
10. Petition Date was April 16, 2026; voting record date was April 13, 2026; confirmation hearing commenced June 4, 2026

QVC has completed a prepackaged chapter 11 reorganization that trades existing debt and equity for a new capital structure dominated by secured creditors receiving new equity, while existing shareholders receive nothing. The company's emergence depends on satisfying conditions precedent and obtaining exit financing to support operations.

1. May 4, 202625-NSE
2. Jul 24, 20268-Kthis filing