debt
confidence high
sentiment neutral
materiality 0.40
Verizon extends early participation date to June 16 for note exchange offers; discloses early tender results
VERIZON COMMUNICATIONS INC
- Early participation date extended to 5:00 p.m. NY time on June 16, 2026, matching the final expiration.
- As of June 1, tenders ranged from 0.96% (Frontier Florida 6.860% debentures) to 85.89% (Verizon Delaware 8.625% debentures).
- Separate cash tender offers for 20 note series also amended; consents cumulated across the exchange and cash offers.
- Withdrawal deadline for tendered notes expired on June 1, 2026; settlement expected on June 22, 2026.
- New Notes will have same economic terms as Old Notes and will be issued with registration rights.