Verizon Communications Inc. has announced the commencement of two related transactions to repurchase 10 series of its outstanding notes. The first transaction involves private exchange offers, where Verizon will exchange old notes for newly issued debt securities. The second transaction consists of cash offers to purchase any and all of each series of the old notes. These transactions are subject to the terms and conditions outlined in their respective offer documents dated June 12, 2025. Verizon has set a $2.5 billion cap on the aggregate principal amount of the new notes it will issue, although it retains the option to waive or increase this cap.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Verizon Communications Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9467802-en) on June 12, 2025, and is solely responsible for the information contained therein.