Verizon Communications Inc (NYSE:VZ) has announced the expiration and final results of its tender offers and consent solicitations for 20 series of notes issued by the company and certain of its wholly-owned subsidiaries.
The offers expired at 5:00 p.m. New York City time on 16 June 2026. Verizon said all conditions to the tender offers and consent solicitations were deemed satisfied or waived as of the expiration date.
The company said it accepted for purchase all notes validly tendered and not validly withdrawn at or prior to the expiration date. The aggregate principal amount accepted in connection with the tender offers and consent solicitations was $1,857,563,000, excluding accrued and unpaid interest.
Verizon also said it had previously accepted for purchase all Waterfall Notes validly tendered at or prior to the Waterfall Notes Early Participation Date in its separate Waterfall Tender Offers. Because the aggregate purchase price for those notes matched the increased Waterfall Cap, no additional Waterfall Notes tendered after the early participation date were accepted.
The company said requisite consents to effect the proposed amendments were received for the 6.860% Debentures due 2028, 6.730% Debentures, Series G due 2028, 8.375% Debentures due 2029, 7.875% Debentures due 2029, 8.625% Debentures due 2031 and 7.875% Senior Notes due 2032.
Holders whose notes have been accepted for purchase are due to receive the applicable total consideration in cash on 22 June 2026, together with accrued and unpaid interest up to, but not including, the settlement date.