Verizon announces private exchange offers for 10 series of notes for up to $2.5 billion of new notes

New york, july 22, 2024 (globe newswire) -- verizon communications inc. (“verizon”) (nyse, nasdaq: vz) today announced the commencement of 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”). the offering memorandum and the accompanying eligibility letter constitute the “exchange offer documents”. only holders who have duly completed and returned an eligibility letter certifying that they are either (1) “qualified institutional buyers” (“qibs”) (as defined in rule 144a under the securities act of 1933, as amended (the “securities act”)) or (2) non-“u.s. persons” (as defined in rule 902 under the securities act) located outside of the united states and who are not acting for the account or benefit of a u.s. person and are “non-u.s. qualified offerees” (as defined in the eligibility letter) are authorized to receive the offering memorandum and to participate in the exchange offers (each such holder, an “eligible holder”).
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