Verizon Announces Pricing Terms for Five Series of Notes Tender Offers, Up to $500 Million, Settling November 9
Verizon Communications announced on November 4 the pricing terms of its five previously announced cash tender offers to purchase up to $500 million in aggregate total consideration of five series of outstanding notes. The offer yields and total consideration per $1,000 in principal were calculated at 2:00 p.m. New York City time on November 4, the price determination date, under the Offer to Purchase dated October 29, 2026. The offers expired at 5:00 p.m. that day, with settlement expected on November 9.
In acceptance priority order, the 3.000% notes due November 20, 2060 rank first at a total consideration of $532.28 per $1,000 and an offer yield of 6.385%, followed by the 3.700% notes due March 22, 2061 at $623.12 and 6.435%, and the 2.650% notes due November 20, 2040 at $670.94. Those three longer-dated series share a $155 million sub-cap. The remaining series are the 2.100% notes due March 22, 2028, at $964.92, and the 3.150% notes due March 22, 2030, at $937.67.
If tenders exceed the $500 million waterfall cap, Verizon will accept notes in acceptance-priority order, with proration possible; holders whose notes are accepted will also receive accrued and unpaid interest up to, but excluding, the settlement date.
(Source: Verizon)
Source: Verizon
Published by GSM · USA (original Chinese edition)
Photo: 图：Verizon 位于新泽西州 Basking Ridge 的总部 One Verizon Way。CC BY-SA 4.0，经 Wikimedia Commons。 / Photo: One Verizon Way, Verizon's headquarters in Basking Ridge, New Jersey. CC BY-SA 4.0, via Wikimedia Commons.
