QVC Inc. said Friday it has completed its sale of $1 billion in senior secured notes.
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The 7.5 percent notes due 2019 were sold at an issue price of 98.278 percent. Proceeds will be used to fund the purchase and cancellation of loans under QVC's credit facilities maturing in 2014.
Shares of parent company Liberty Media Holding Corp. (NASDAQ: LCAPA) rose 40 cents to $21.37 in afternoon trading.
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