Verizon launches $2.5B exchange and cash tender offers for 10 note series

VERIZON COMMUNICATIONS INC

Private exchange offers for 10 series of old notes (total outstanding ~$17.4B) in exchange for new notes maturing July 2, 2037.
Exchange offers capped at $2.5B aggregate principal of new notes; minimum issuance condition of $750M.
Cash tender offers for same 10 series for holders ineligible for exchange; floating rate notes total consideration $1,006/$1,000.
Offers expire June 18, 2025 at 5pm ET; settlement expected June 25, 2025.
New notes interest rate = yield of 4.25% UST due May 2035 + 105 basis points.

item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.