debt
confidence high
sentiment neutral
materiality 0.25
Verizon completes exchange offers for 10 note series, issues $25.8M of 4.780% notes due 2035
VERIZON COMMUNICATIONS INC
- Exchange offers expired Aug 19, 2024; final settlement Aug 21; all conditions satisfied.
- Old notes tendered after early date: ~$26.6M accepted; no proration applied.
- New notes issued: $25.8M principal, 4.780% coupon, maturity Feb 15, 2035.
- New notes unregistered under Securities Act; registration rights agreement entered Aug 9.
- Exchange offers covered 10 series of Verizon notes with maturities 2025-2028.