Verizon announces an increase to the waterfall cap and early participation results for tender offers for 30 series of debt securities of verizon and certain of its subsidiaries

New york, march 07, 2022 (globe newswire) -- verizon communications inc. (“verizon”) (nyse, nasdaq: vz) today announced that, in connection with the offers (as defined below), all notes (as defined below) validly tendered and not validly withdrawn at or prior to the early participation date (as defined below) will be accepted for purchase, in accordance with the terms of the offer to purchase (as defined below). as a result, the waterfall cap (as defined below) will be increased from a total cash amount of up to $4.0 billion to a total cash amount sufficient to accept for purchase all notes tendered prior to the early participation date (approximately $5.6 billion).
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