September 28, 2009 (FinancialWire) — Liberty Media Corp.’s (NASDAQ: LCAPA) QVC, Inc. unit closed an offering of $1 billion of 7.50% senior secured notes due 2019 at an issue price of 98.278% on September 25.

The company said it will use the net proceeds to fund the purchase and cancellation of outstanding term loans under QVC’s senior secured credit facilities that mature in 2014.

Englewood, Colorado-based Liberty Media owns interests in a range of electronic retailing, media, communications and entertainment businesses.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.