Home-shopping channel QVC to offer $500 million of 8-year bonds

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Home-shopping channel QVC said Wednesday it is planning to offer $500 million of senior secured notes that mature in 2028, joining the many companies issuing debt at record levels during the pandemic. Proceeds will be used to repurchase the $500 million in outstanding 5.125% notes that mature in 2022. QVC is owned by Qurate Retail Inc. . Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.