QVC Inc.
04/20/2026 | Press release | Distributed by Public on 04/20/2026 14:25
Failure to Satisfy Listing Rule (Form 8-K)
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
As previously disclosed in the Current Report on Form 8-K filed by QVC, Inc. (the "Company") on April 16, 2026, QVC Group, Inc. ("QVC Group") and certain of its affiliates, including the Company (collectively, the "Company Parties"), filed voluntary petitions for relief (the "Chapter 11 Cases") under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court").
On April 17, 2026, the Company received notice from the staff of NYSE Regulation ("NYSE Regulation") that NYSE Regulation has determined to commence proceedings to delist the Company's 6.375% Senior Secured Notes due 2067 (NYSE: QVCD) and 6.250% Senior Secured Notes due 2068 (NYSE: QVCC) (collectively, the "Listed QVC Notes") from the New York Stock Exchange (the "NYSE"), and that trading in the Listed QVC Notes on the NYSE has been suspended immediately. NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to NYSE Listed Company Manual Section 802.01D after the Company's disclosure that the Company Parties had commenced the Chapter 11 Cases. In reaching its delisting determination, NYSE Regulation noted the uncertainty as to the ultimate effect of the Chapter 11 Cases on the value of the Listed QVC Notes.
The Company has a right to a review of this determination by a Committee of the Board of Directors of the NYSE. The NYSE will apply to the Securities and Exchange Commission (the "SEC") to delist the Listed QVC Notes upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff's decision. The Company does not intend to appeal this determination.
The Company does not expect the NYSE delisting to affect the Company Parties' business operations or the Chapter 11 Cases.
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