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Verizon commences private exchange offers for 10 series of notes

Verizon (VZ) Communications announced the commencement of two related transactions to repurchase 10 series of its outstanding notes. The first transaction consists of 10 separate private offers to exchange any and all of the outstanding series of notes in exchange for newly issued debt securities of Verizon, on the terms and subject to the conditions set forth in the Offering Memorandum dated June 12, the eligibility letter and the accompanying exchange offer notice of guaranteed delivery. Only a holder who has duly completed and returned an Eligibility Letter certifying that it is either a “qualified institutional buyer”; or a person located outside the United States who is not a “U.S. person”, not acting for the account or benefit of a U.S. person and a “Non-U.S. qualified offeree”, are authorized to receive the Offering Memorandum and to participate in the Exchange Offers. The Exchange Offers will each expire at 5:00 p.m. on June 18, 2025, unless extended or earlier terminated. The second transaction consists of 10 separate offers to purchase for cash any and all of each series of Old Notes, on the terms and subject to the conditions set forth in the Offer to Purchase dated June 12, the certification instructions letter and the accompanying cash offer notice of guaranteed delivery. Only holders who are not Exchange Offer Eligible Holders are eligible to participate in the Cash Offers. Holders of Old Notes participating in the Cash Offers will be required to complete the Certification Instructions Letter and certify that they are Cash Offer Eligible Holders. The Cash Offers will each expire at 5:00 p.m. on June 18, unless extended or earlier terminated

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