Verizon finalizes debt exchange for 11 note series; accepts $161M, obtains consents

VERIZON COMMUNICATIONS INC

Total principal amount of old notes accepted for exchange was approximately $161.4 million across 11 series.
Highest acceptance rate: 85.89% for Verizon Delaware LLC 8.625% Debentures due 2031; lowest: 1.03% for Frontier Florida 6.860% Debentures due 2028.
Requisite consents received to amend indentures for six series of old notes, eliminating restrictive covenants.
New notes have same economic terms as old notes; registration rights agreement to be executed on settlement date.
Settlement date for the exchange offers is June 22, 2026.

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