QVC has refinanced its credit facility with a new revolving line of credit of as much as $2 billion.
The West Chester-based home-shopping channel, which is owned by Liberty Media Corp. of Englewood, Colo., immediately drew $1.83 billion at closing, Liberty Media said Thursday in a release.
The new maturity date of 2015 replaces the credit facilities that were to expire between 2011 and 2014, while reducing the weighted average rate.