Qurate Retail Announces Interest Payment for 4.0% Debentures Due 2029

Qurate Retail Announces Interest Payment and Additional Distribution for 4.0% Senior Debentures Due 2029

Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has declared a semi-annual interest payment and Regular Additional Distribution for holders of its 4.0% Senior Exchangeable Debentures due 2029, issued by Liberty Interactive LLC, its wholly-owned subsidiary. Payments will be made on November 15, 2024, to holders of record as of November 1, 2024.

Payment Details:

  • Interest Payment: $20.00 per $1,000 original principal amount of the debentures, split into $18.0874 as interest and $1.9126 as principal repayment.
  • Regular Additional Distribution: $0.4302 per $1,000 original principal amount, based on quarterly cash dividends from T-Mobile US, Inc.

Adjusted Principal:

The adjusted principal amount will decrease to $902.4550 per $1,000 original principal following this payment. Adjustments to principal do not affect the annualized 4.0% interest rate.

Historical Context:

In August 2013, an Extraordinary Additional Distribution of $63.0960 per $1,000 original principal was made following the Sprint-SoftBank merger. Adjustments related to principal from Extraordinary Additional Distributions are reflected in subsequent payments.

Reference Shares:

As of April 1, 2020, after T-Mobile’s acquisition of Sprint, each $1,000 original principal amount of the debentures corresponds to 0.3309 T-Mobile US, Inc. shares and 0.7860 Lumen Technologies, Inc. shares.

About Qurate Retail:

Qurate Retail, Inc. operates six leading retail brands, including QVC® and HSN®, serving over 200 million homes globally through video commerce platforms like TV, streaming, and e-commerce sites.

For further details, visit Qurate Retail’s website.

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