Loan & DebtJun 17, 2026, 07:49 AM
Verizon Completes $1.86B Debt Tender Offers & Consent Solicitations
AI Summary
Verizon Communications Inc. announced the expiration and final results of its previously announced 11 separate cash tender offers and consent solicitations for "Any and All Notes," along with 9 separate "Waterfall Tender Offers." The company accepted an aggregate principal amount of $1,857,563,000 in notes for purchase. The consent solicitations successfully secured amendments to indentures for six series of notes, aiming to eliminate certain restrictive covenants. Verizon also provided final results for its separate exchange offers.
Key Highlights
- Verizon accepted $1,857,563,000 in aggregate principal amount of Notes for purchase.
- Requisite consents were received for six series of Any and All Notes.
- Consents aim to eliminate certain restrictive covenants and other provisions.
- Verizon Communications Inc. 2.100% Notes due 2028 had $1,142,981,000 accepted (55.27%).
- Frontier Florida LLC 6.860% Debentures due 2028 had $234,260,000 accepted (82.99%).
- The settlement date for accepted notes is June 22, 2026.
Price Impact
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