VZ · 8-K · 20260602PR252577
Debt Refinancing and Liquidity
VERIZON COMMUNICATIONS INC · 2026-06-02 · Importance 40 · Surprise 42
Verizon extended the early participation deadline for exchange offers covering 11 series of subsidiary-issued notes to 5:00 p.m. New York City time on June 16, 2026, with settlement expected on June 22, 2026. As of June 1, 2026, holders had tendered approximately $157.3 million of principal, including more than 10% of the outstanding amounts for seven series and 85.89% of Verizon Delaware LLC’s $2.4 million of 8.625% debentures due 2031. The transactions would exchange eligible Old Notes for newly issued Verizon notes with the same maturity, interest rate and payment dates, while proposed consent amendments would eliminate certain restrictive covenants and other provisions. The New Notes will be unregistered and available only to qualified institutional buyers, eligible non-U.S. offerees, and other qualified investors subject to applicable securities-law exemptions.