Verizon Disclosed Cap Increase And Early Participation Results For Tender Offers For Five Series Of Its Debt Securities

Author: Benzinga Newsdesk | February 29, 2024 04:18am

NEW YORK, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. ("Verizon") ((NYSE, NASDAQ:VZ) today announced, in connection with Verizon's previously announced Offers (as defined below) to purchase its outstanding Notes (as defined below), the early participation results for the Offers as of 4:00 p.m. (London time) on February 28, 2024 (the "Early Participation Date"). In connection with the Offers (as defined below), all Notes (as defined below) validly tendered and not validly withdrawn at or prior to the Early Participation Date (as defined below) will be accepted for purchase, in accordance with the terms of the Offer to Purchase (as defined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 maximum principal amount of originally €1,500,000,000 will be increased to €1,981,215,000 (the "Maximum Principal Amount"), to be purchased in all of the Offers, excluding the applicable Accrued Coupon Payments (as defined below).

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