Loan & DebtJun 17, 2026, 08:11 AM
Verizon Completes Exchange Offers for 11 Series of Notes
AI Summary
Verizon Communications Inc. announced the expiration and final results of its private exchange offers and consent solicitations for 11 series of notes. The company accepted all validly tendered notes and related consents, with requisite consents received to amend indentures for six series of notes, primarily to eliminate restrictive covenants. The settlement date for these exchanges is June 22, 2026. This action is part of Verizon's ongoing debt management strategy.
Key Highlights
- Verizon announced final results of private exchange offers and consent solicitations for 11 series of notes.
- Requisite consents received for proposed amendments to eliminate restrictive covenants on 6 series of notes.
- Verizon accepted all validly tendered Old Notes and related consents.
- Principal amount accepted for exchange includes $2.903M of 6.860% Debentures due 2028 (Frontier Florida LLC).
- Principal amount accepted for exchange includes $3.595M of 8.375% Debentures due 2029 (Verizon Virginia LLC).
- Principal amount accepted for exchange includes $69.235M of 7.875% Debentures due 2029 (Verizon New England Inc.).
- Principal amount accepted for exchange includes $32.064M of 7.875% Senior Notes due 2032 (Alltel Corporation).
Price Impact
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