From GlobeNewswire: 2025-06-20 10:16:00

Verizon Communications Inc. announced the expiration and preliminary results of its Exchange Offers and Cash Offers. The Exchange Offers involved private offers to exchange outstanding notes for newly issued Notes due 2037. The Exchange Offers expired on June 18, 2025, while the Cash Offers aimed to purchase Old Notes for cash. The Cash Offers also expired on the same date. Global Bondholder Services Corporation is handling inquiries for both Offers. Verizon has the option to waive or increase the New Notes Maximum Amount and expects the Minimum Issue Requirement to be satisfied. The New Notes will not be registered under the Securities Act or state securities laws.

For the Exchange Offers, the aggregate principal amount of each series of Old Notes tendered was highlighted in a table. The Offers are subject to various conditions and are being made only to relevant persons. The Offers are not being made to holders of Old Notes in jurisdictions where compliance is an issue. The Cash Offers followed a similar structure, with a table indicating the principal amounts tendered for each series of Old Notes. Verizon is reviewing the documentation submitted by holders to determine the validity of tenders. The final principal amounts accepted will be announced on June 23, 2025.

Verizon has retained several companies to manage the Offers and has issued a cautionary statement regarding forward-looking statements. Holders are advised to consider the risks and uncertainties outlined in the Offering Memorandum and Offer to Purchase. Media inquiries can be directed to Katie Magnotta.



Read more at GlobeNewswire: Verizon announces expiration and preliminary expiration