News Releases

Baker Botts Represents QVC in $3.25 Billion Senior Secured Credit Facility


Deal Description: On October 27, 2021, QVC, Inc. announced the refinancing of its senior secured credit facility with a new amended and restated senior secured credit facility. The new senior secured credit facility is a multi-currency revolving facility, provides a line of credit of up to $3.25 billion and replaces QVC's existing $2.95 billion bank credit facility. QVC is a wholly owned subsidiary of Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP).

The multi-currency revolving facility may be borrowed by QVC (including QVC Global Corporate Holdings, LLC), Zulily, LLC and Cornerstone Brands, Inc., each a direct or indirect wholly owned subsidiary of Qurate Retail, Inc.

Baker Botts represented QVC, Zulily, Cornerstone and QVC Global in the transaction.

The Baker Botts team included:

Finance: Robert Wann (Partner, New York); Josh Espinosa (Associate, Dallas); Taylor Courtade (Associate, Dallas); Linda Oh (Associate, Dallas); and Hailey Ullmann (Law Clerk, New York)

Corporate: Samantha Hale Crispin (Partner, Dallas) and Sara Jones (Paralegal, Dallas)

Employee Benefits: Robin Melman (Partner, New York)

Intellectual Property: Tyler Beas (Senior Associate, Dallas)

International Trade/OFAC: Paul Luther (Partner, Washington, D.C.)

Tax: Tamar Stanley (Partner, Washington, D.C.); Josh Mandell (Partner, Dallas); and Peter Farrell (Senior Associate, Washington, D.C.)

Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

Related Professionals