Philadelphia-based QVC Network Inc says it now has $3,000m in financing in place for its bid for Paramount Communications Inc, and that the lead banker is Chemical Banking Corp; other lenders in the package, in which each of six lenders contributed $500m, were Barclays Plc, the Bank of Nova Scotia, Long-Term Credit Bank of Japan Ltd’s LCTB Trust Co, NationsBank Corp’s Nations Bank of Texas and the Toronto-Dominion Bank; with $1,000m in previously announced equity investments from Liberty Media Corp and Comcast Corp, it has $4,000m in place all told; a source close to QVC also said the company was in talks with regional telephone company BellSouth Corp and other companies regarding a possible partnership in the bid, Reuter said.
