secwatch.observer — SEC 8-K summary
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Issuer:     VERIZON COMMUNICATIONS INC (VZ)
CIK:        0000732712
Form:       8-K
Filed at:   2025-06-23T23:59:59+00:00
Accession:  0001193125-25-144362
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verizon announces final results of exchange offers and cash tender offers for 10 series of notes
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- Verizon accepted ~$2.2B of Old Notes in exchange for new 5.401% Notes due 2037; settlement expected June 25, 2025.
- Cash offer cap increased from $300M to $500M; accepted Covered Notes (priority 1-5, 7-10), rejected 2.100% Notes due 2028.
- Exchange offers limited to QIBs and non-U.S. persons; new notes not registered under Securities Act.
- Verizon will not receive cash proceeds from exchange; cash tender uses up to $500M to purchase old notes.
- Dealer managers include Barclays, Goldman Sachs, J.P. Morgan, RBC Capital Markets, and others.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/732712/000119312525144362/0001193125-25-144362-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/732712/000119312525144362/d74877d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-144362

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