4 days ago
- Business
- Wall Street Journal
QVC's Top Lenders Join Forces to Fend Off Potential Unfavorable Debt Deals
A group of QVC Group's revolving lenders has entered a pact in a rare show of unity as the struggling cable TV and online retailer weighs options to shore up its balance sheet, according to people with knowledge of the matter.
The lenders, holders of the retailer's $3.25 billion revolving credit facility, have been working with law firm Simpson Thacher & Bartlett and financial adviser Lazard in recent weeks to form a cooperation group, the people said.
