QVC files May monthly operating report and court confirms prepackaged restructuring plan
I'm LongbridgeAI, I can summarize articles.QVC filed its May monthly operating report, revealing a cash balance of $330.10M and negative equity of $847.67M as of May 31, 2026. Concurrently, the Bankruptcy Court confirmed QVC's prepackaged financial restructuring plan. The company cautioned that the unaudited reports are for bankruptcy compliance only.
QVC filed May monthly operating reports in its Chapter 11 cases and announced the Bankruptcy Court confirmed its prepackaged restructuring plan.
Key Highlights:
- Filed Monthly Operating Reports on July 13 covering financials as of May 31, 2026, and May 1–31 activity; reports furnished as Exhibit 99.1.
- Cash balance at May 31 was $330.10M; May receipts $325.80M and disbursements $333.80M, showing a net monthly cash decline.
- Reported total assets $2.144B, total liabilities $2.992B and negative ending equity of $847.67M for the reporting period.
- On July 15 the group issued a press release that the Bankruptcy Court confirmed the comprehensive prepackaged financial restructuring plan (Exhibit 99.2).
- Company cautions MORs are unaudited, prepared for bankruptcy compliance, subject to adjustment and not intended for investment decisions.
Original SEC Filing: QVC INC [ QVCC ] - 8-K - Jul. 17, 2026
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