Verizon announces early results of its private exchange offers for 10 series of notes and extension of early participation date

New york, aug. 05, 2024 (globe newswire) -- verizon communications inc. (“verizon”) (nyse, nasdaq: vz) today announced (i) the early participation results, as of 5:00 p.m. (new york city time) on august 2, 2024 (the “original early participation date”), of its previously announced private offers to exchange the 10 outstanding series of notes listed in the table below and maturing from 2025 through 2028 (collectively, the “old notes”), in each case, for newly issued notes of verizon due 2035 (the “new notes”) (the “exchange offers”), on the terms and subject to the conditions set forth in an offering memorandum dated july 22, 2024 (the “offering memorandum”), as amended by verizon's press release dated july 30, 2024 and (ii) that, with respect to the exchange offers, the date and time by which eligible holders (as defined below) must validly tender their old notes to receive the applicable total exchange price (as defined in the offering memorandum), which includes the early participation payment (as defined in the offering memorandum), has been extended to 5:00 p.m. (new york city time) on august 19, 2024 (such date and time with respect to an exchange offer, the “extended early participation date”). accordingly, the extended early participation date will occur at the same time the exchange offers are scheduled to expire. except as described in this press release, the terms and conditions of the exchange offers remain unchanged. the offering memorandum and the accompanying eligibility letter for the exchange offers constitute the “exchange offer documents”.
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