Verizon announces amendment to its previously announced private exchange offers for 10 series of notes

New york, july 30, 2024 (globe newswire) -- verizon communications inc. (“verizon”) (nyse, nasdaq: vz) today announced that it has amended the terms of its previously announced offers to exchange 10 outstanding series of notes (the “old notes”) described in the offering memorandum dated july 22, 2024 (the “offering memorandum” and, together with the accompanying eligibility letter, the “exchange offer documents”) for newly issued notes of verizon (the “new notes”) (the “exchange offers”) to increase the spread used to determine the interest rate per annum that the new notes will bear from 100 basis points over the yield of the 4.375% u.s. treasury security due may 15, 2034 (the “reference security”) to 107 basis points over the yield of the reference security.
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