VZ · 8-K · 20260617PR273410

Debt Exchange and Consent Solicitation

VERIZON COMMUNICATIONS INC · 2026-06-17 · Importance 34 · Surprise 42 · In source text

Verizon accepted $161.4 million of Old Notes for exchange across 11 series, including $69.2 million of 7.875% Verizon New England debentures due 2029 and $32.1 million of Alltel 7.875% senior notes due 2032. Acceptance rates ranged from 1.03% for Frontier Florida’s 6.860% debentures due 2028 to 85.89% for Verizon Delaware’s 8.625% debentures due 2031, with six series receiving the requisite consents for indenture amendments. Verizon will pay the previously announced Total Consideration, including the Early Participation Payment and separate cash Consent Payment, on June 22, 2026. The New Notes will retain the corresponding Old Notes’ maturity dates, interest rates and interest-payment dates, and Verizon will enter into a registration-rights agreement on the Settlement Date.

Key facts

• Verizon New England Inc. had 7.875% Debentures due 2029 with $133,077,000 principal amount outstanding and $69,235,000 aggregate principal amount accepted (52.03% accepted). source
• Verizon Delaware LLC had 8.625% Debentures due 2031 with $2,381,000 principal amount outstanding and $2,045,000 aggregate principal amount accepted (85.89% accepted). source
• Alltel Corporation had 7.875% Senior Notes due 2032 with $55,847,000 principal amount outstanding and $32,064,000 aggregate principal amount accepted (57.41% accepted). source
• Eligible Holders of Old Notes accepted for exchange will receive the Total Consideration on the Settlement Date. source
• Verizon Virginia LLC had 8.375% Debentures due 2029 with $8,993,000 principal amount outstanding and $3,595,000 aggregate principal amount accepted (39.98% accepted). source
• Verizon Maryland LLC had 8.300% Debentures due 2031 with $21,111,000 principal amount outstanding and $6,346,000 aggregate principal amount accepted (30.06% accepted). source
• Verizon has accepted all Old Notes (and the related consents) validly tendered and not validly withdrawn at or prior to the Expiration Date. source
• As of the Expiration Date, the requisite consents were received with respect to the 6.860% Debentures due 2028. source

Impact estimates