Verizon announces final results of private exchange offers

Verizon (VZ) Communications announced the final results of its Exchange Offers and its Cash Offers. The first transaction consists of 10 separate private offers to exchange any and all of the outstanding series of notes listed in exchange for newly issued 5.401% Notes due 2037 of Verizon, on the terms and subject to the conditions set forth in the Offering Memorandum dated June 12, 2025 the eligibility letter and the accompanying exchange offer notice of guaranteed delivery. The Exchange Offers expired at 5:00 p.m. on June 18, 2025. The “Exchange Offer Settlement Date” with respect to the Exchange Offers will be promptly following the Exchange Offer Expiration Date and is expected to be June 25, 2025. In addition to the applicable Total Exchange Price, Exchange Offer Eligible Holders whose Old Notes are accepted for exchange will receive a cash payment equal to the accrued and unpaid interest on such Old Notes from and including the immediately preceding interest payment date for such Old Notes to, but excluding, the Exchange Offer Settlement Date. Interest will cease to accrue on the Exchange Offer Settlement Date for all Old Notes accepted, including those tendered through the Guaranteed Delivery Procedures.