Old QVC Group, Inc. (QVCGP)

Old QVC Group, Inc. emerged from Chapter 11 bankruptcy on August 6, 2026, following the confirmation of its prepackaged plan of reorganization. The company issued $1.24 billion in 10% First Lien Senior Secured Notes due 2032 and borrowed approximately $84.6 million in first lien senior secured term loans. It also established a $600 million asset-based revolving credit facility. All pre-petition equity interests, including common and preferred stock, were cancelled for no value. Approximately 50 million new shares of common stock were issued to holders of the cancelled QVC Notes and Credit Facility claims. The entire board resigned and was replaced by eight directors designated by creditors including GoldenTree, Oaktree, Strategic Value Partners, and Silver Point Capital. David Rawlinson II departed as CEO, and Michael George was appointed Interim Chief Executive Officer with a $5 million equity award package. QVC Group operates in the direct-to-consumer retail industry.

QVC Group, Inc. filed a monthly operating report with the U.S. Bankruptcy Court for the Southern District of Texas covering the period ended June 30, 2026, as required under its Chapter 11 cases commenced on April 16, 2026. The company reported total assets of $298.9 million and total liabilities of $1.4 billion, resulting in a negative equity position of approximately $1.1 billion. Cash balances stood at $171.1 million with no significant receipts or disbursements recorded for the month. The filing confirms the continued operation of the business as a debtor in possession while restructuring its obligations. QVC Group operates in the direct-to-consumer retail and television shopping industry.

On July 20, 2026, the Bankruptcy Court confirmed the Second Amended Joint Prepackaged Plan of Reorganization for QVC Group, Inc. and its debtor affiliates. Under the plan, all existing equity interests, including Series A common stock, Series B common stock, and 8.0% Series A Cumulative Redeemable Preferred Stock, will be canceled for no consideration upon the effective date. RCF and QVC Notes claimholders will receive a pro rata share of the QVC Funded Debt Plan Consideration, consisting of distributable cash, takeback debt, and 100% of new equity interests. Reorganized QVC expects to issue approximately 50,000,000 shares of common stock. QVC Group, Inc. is a retail company specializing in home shopping and e-commerce.

QVC Group, Inc. filed a monthly operating report for the period ending May 31, 2026, as part of its ongoing Chapter 11 bankruptcy proceedings initiated on April 16, 2026. The report shows the company held $171,063,085 in cash at the end of May, with total assets of $299,252,652 and total liabilities of $1,418,068,055. The company also announced that on July 15, 2026, a bankruptcy court ruling confirmed its comprehensive, prepackaged financial restructuring plan. QVC Group, Inc. is a retail company operating in the home shopping and e-commerce industry.

QVC Group, Inc. filed a monthly operating report as part of its ongoing Chapter 11 bankruptcy proceedings, covering the period from April 16, 2026, to April 30, 2026. The report is furnished as Exhibit 99.1 and is provided for compliance with Bankruptcy Code requirements rather than for investment decision-making. QVC Group, Inc. is a retail company that operates in the home shopping industry.