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X0202 SCHEDULE 13D/A 0001278951 XXXXXXXX LIVE 2 Common Stock, par value $0.01 per share 09/08/2026 false 0001254699 747292100 QVC GROUP, INC. 1200 Wilson Drive West Chester PA 19380 George Travers (212) 847-3500 c/o GoldenTree Asset Management LP 300 Park Avenue, 21st Floor New York NY 10022 0001278951 N GoldenTree Asset Management LP WC OO N DE 0.00 10991951.00 0.00 10991951.00 10991951.00 N 22.0 PN 0001435627 N GoldenTree Asset Management LLC WC OO N DE 0.00 10991951.00 0.00 10991951.00 10991951.00 N 22.0 OO Limited Liability Company 0001435626 N Steven A. Tananbaum PF OO N X1 0.00 10991951.00 0.00 10991951.00 10991951.00 N 22.0 IN Y GoldenTree Master Fund, Ltd. WC OO N E9 0.00 3345244.00 0.00 3345244.00 3345244.00 N 6.7 CO Common Stock, par value $0.01 per share QVC GROUP, INC. 1200 Wilson Drive West Chester PA 19380 This Amendment No. 2 to Schedule 13D ("Amendment No. 2") amends and supplements the Schedule 13D originally filed with the United States Securities and Exchange Commission on August 14, 2026 (as amended to date, the "Schedule 13D"), relating to the common stock, par value $0.01 per share (the "Common Stock"), of QVC Group, Inc., a Delaware corporation (the "Issuer"). Capitalized terms used herein without definition shall have the meanings set forth in the Schedule 13D. On September 8, 2026, the Funds (as defined below) purchased an aggregate of 1,600,000 shares of Common Stock pursuant to a Stock Purchase Agreement (as defined below) for aggregate consideration of $26,000,000 using working capital. Stock Purchase Agreement On September 8, 2026, the Investment Manager, on behalf of the Funds, entered into a stock purchase agreement (the "Stock Purchase Agreement") with Silver Point Capital, L.P., pursuant to which the Funds agreed to purchase 1,600,000 shares of Common Stock for a purchase price of $16.25 per share (the "Purchase"). The Purchase closed on September 8, 2026. The foregoing description of the Stock Purchase Agreement does not purport to be complete and is qualified in its entirety by the full text of such agreement, which is attached as an exhibit to this Schedule 13D and incorporated herein by reference The information contained on the cover pages to this Schedule 13D is incorporated herein by reference. The securities reported herein consist of shares of Common Stock held directly by certain funds and separate accounts managed by the Investment Manager as of September 8, 2026. GoldenTree Master Fund, Ltd. is the record owner of 3,345,244 shares of Common Stock. The ownership percentage set forth herein is based on 49,999,897 shares of Common Stock outstanding as of August 6, 2026. The Investment Manager is the investment manager or advisor to certain funds, including GoldenTree Master Fund, Ltd., and a separately managed account by the Investment Manager (the "Funds"). IMGP is the general partner of the Investment Manager. Steven A. Tananbaum is the managing member of IMGP. As a result of these relationships, each of the Investment Manager, IMGP and Mr. Tananbaum may be deemed to share beneficial ownership of the securities held of record by the Funds. The information contained on the cover pages to this Schedule 13D is incorporated herein by reference. Except as set forth in this Schedule 13D, since Amendment No. 1, the Reporting Persons have not effected any transactions in the Common Stock. None. Not applicable. Item 4 above summarizes certain provisions of the Stock Purchase Agreement and is incorporated herein by reference. A copy of such agreement is attached as an exhibit hereto and incorporated herein by reference. Except as set forth herein, none of the Reporting Persons has any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of the Issuer, including, but not limited to, any contracts, arrangements, understandings or relationships concerning the transfer or voting of such securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies. Exhibit 7: Stock Purchase Agreement. GoldenTree Asset Management LP By: GoldenTree Asset Management LLC, its General Partner, /s/ Steven A. Tananbaum Steven A. Tananbaum, Managing Member 09/10/2026 GoldenTree Asset Management LLC /s/ Steven A. Tananbaum Steven A. Tananbaum, Managing Member 09/10/2026 Steven A. Tananbaum /s/ Steven A. Tananbaum Steven A. Tananbaum 09/10/2026 GoldenTree Master Fund, Ltd. /s/ Peter Alderman Peter Alderman, General Counsel 09/10/2026