QVC Group, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Long-Term Debt (Tables)

Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2025


	Outstanding
	principal at		Carrying value
	March 31, 2025		March 31, 2025		December 31, 2024

	amounts in millions
Corporate level debentures
8.5% Senior Debentures due 2029	$	287		286	286
8.25% Senior Debentures due 2030		505		503	503
4% Exchangeable Senior Debentures due 2029 ^(1)(2)(3)		350		112	128
3.75% Exchangeable Senior Debentures due 2030 ^(1)(2)(3)		428		130	154
Subsidiary level notes and facilities
QVC 4.45% Senior Secured Notes due 2025⁽³⁾		—		—	585
QVC 4.75% Senior Secured Notes due 2027		44		44	44
QVC 4.375% Senior Secured Notes due 2028		72		72	72
QVC 6.875% Senior Secured Notes due 2029		605		605	605
QVC 5.45% Senior Secured Notes due 2034		400		400	400
QVC 5.95% Senior Secured Notes due 2043		300		300	300
QVC 6.375% Senior Secured Notes due 2067		225		225	225
QVC 6.25% Senior Secured Notes due 2068		500		500	500
QVC Senior Secured Credit Facility		1,850		1,850	1,195
Deferred loan costs		—		(27)	(29)
Total consolidated QVC Group debt	$	5,566		5,000	4,968
Less current classification				(242)	(867)
Total long-term debt			$	4,758	4,101

(1)

Measured at fair value

(2)

Classified as current at March 31, 2025

(3)

Classified as current at December 31, 2024

Schedule of fair value of debt securities that are not reported at fair value in the accompanying consolidated balance sheet

The fair value of QVC Group's publicly traded debt securities that are not reported at fair value in the accompanying condensed consolidated balance sheet at March 31, 2025 are as follows (amounts in millions):


Senior debentures	$	319
QVC senior secured notes	$	1,150