Loan & DebtJun 2, 2026, 07:56 AM
Verizon Extends Tender Offer Early Date; Increases Waterfall Cap to $1.4B
AI Summary
Verizon Communications Inc. announced amendments to its previously disclosed Tender Offers and Consent Solicitations. The early participation date for its "Any and All Notes" has been extended to June 16, 2026. Additionally, the company increased the "Waterfall Cap" for its "Waterfall Tender Offers" from $1.25 billion to approximately $1.4 billion, ensuring the purchase of all Waterfall Notes validly tendered by the early participation date. The company also released early participation results for both offers as of June 1, 2026.
Key Highlights
- Early participation date for "Any and All Notes" extended to June 16, 2026.
- Waterfall Cap increased from $1.25 billion to approximately $1.4 billion.
- New Waterfall Cap sufficient to purchase all Waterfall Notes tendered by early date.
- $233.4 million (82.69%) of Frontier Florida 6.860% Debentures due 2028 tendered.
- $1.14 billion (55.27%) of Verizon 2.100% Notes due 2028 tendered.
- Tender Offers and Consent Solicitations expire on June 16, 2026.
Price Impact
More from VZ