QVC INC 8-K

What Happened
QVC, Inc. (QVCCQ) and certain affiliates filed voluntary Chapter 11 petitions on April 16, 2026. On July 20, 2026 the U.S. Bankruptcy Court for the Southern District of Texas entered a Confirmation Order approving the Second Amended Joint Prepackaged Plan of Reorganization. After any required waiting periods, waivers and satisfaction of conditions, the company intends to implement the Plan and emerge from Chapter 11 protection.

Key Details

• Petition date: April 16, 2026; Confirmation Order entered: July 20, 2026 (Case No. 26-90447 (ARP)).
• Pre‑Effective Date equity outstanding (as of June 30, 2026): 7,911,869 shares Series A common, 182,233 shares Series B common, and 12,723,158 shares 8.0% Series A preferred — all to be canceled on the Effective Date.
• Reorganized QVC is currently expected to have 50,000,000 shares of common stock issued and outstanding (excluding shares reserved for incentive plans).
• Treatment of claims: holders of Allowed RCF and QVC Notes Claims receive a pro rata share of the QVC Funded Debt Plan Consideration (QVC Distributable Cash, Takeback Debt and 100% of QVC New Equity Interests, subject to dilution by Management Incentive Plan shares); holders of Allowed LINTA Notes Claims receive LINTA Distributable Cash; other secured and unsecured claims (including trade claims) will be paid in full, reinstated or otherwise unimpaired.
• Indemnification obligations for current and former directors, officers and certain professionals will survive and be assumed by the Reorganized Debtors.
• The company warns trading in its securities is highly speculative; holders of existing equity are expected not to receive distributions.

Why It Matters
For investors, the confirmed plan means the company has an approved path to restructure its debt and emerge from Chapter 11, but existing equity holders are expected to be extinguished and receive no recovery. Holders of the specified debt classes will receive the plan distributions described above, which may be less than the original principal amounts. The timing and completion of the reorganization depend on satisfying closing conditions, any applicable stays or appeals, and other court processes. For full court filings and plan documents see the restructuring website: https://restructuring.ra.kroll.com/QVC.