Old QVC Group, Inc. (QVCAQ) disclosed in this 8-K that it entered into several new financing agreements on the Plan Effective Date as part of its reorganization plan. The company issued about $1.24 billion of 10% first-lien senior secured notes due 2032, borrowed roughly $84.6 million in first-lien term loans, and set up a three-year asset-based revolving credit facility of up to $600 million. These notes and loans are secured by substantially all of the company's assets and carry covenants typical for this kind of debt. The filing excerpt doesn't include full pricing details for the revolving facility, so the overall cost of the new capital isn't completely clear from this disclosure alone.
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