{"success":true,"data":{"pressRelease":{"id":"66242","rtpr_id":"nGNX4K1cJW","ticker":"VZ","exchange":"NYSE","all_tickers":["VZ"],"title":"Verizon announces expiration and final results of its private exchange offers and consent solicitations for 11 series of notes","author":"Globe Newswire","published_at":"2026-06-17T11:47:43.143Z","article_body":"NEW YORK, June 17, 2026 (GLOBE NEWSWIRE) -- Verizon Communications Inc.\n(“Verizon”) (NYSE, Nasdaq: VZ) today announced the expiration and final\nresults, as of 5:00 p.m. (New York City time) on June 16, 2026 (the\n“Expiration Date”), which was also the Extended Early Participation Date\n(as defined in Verizon’s press release relating to the Exchange Offers and\nConsent Solicitations dated June 2, 2026 (the “Early Results Press\nRelease”), of its previously announced (i) offers to exchange (the\n“Exchange Offers”), on behalf of certain of its wholly-owned subsidiaries,\nany and all of the outstanding series of debt securities listed below (the\n“Old Notes”) for specified series of newly issued notes of Verizon\n(collectively, the “New Notes”) and (ii) solicitations of consents (the\n“Consent Solicitations”), on behalf of such subsidiaries, to the proposed\namendments to the indentures governing the Old Notes (with respect to each\nseries of Old Notes, the “Proposed Amendments”) in order to, among other\nthings, eliminate certain of the restrictive covenants and other provisions\ncontained therein, each on the terms and subject to the conditions set forth\nin the Exchange Offer and Consent Solicitation Statement dated May 11, 2026\n(the “Exchange Offer and Consent Solicitation Statement” and, together\nwith the accompanying letter of transmittal (the “Letter of Transmittal”)\nand eligibility letter, the “Exchange Offer Documents”), as amended by the\nEarly Results Press Release.\n\nVerizon today also announced the final results of its separate, previously\nannounced cash tender offers, for its own account and on behalf of certain of\nits wholly-owned subsidiaries, to purchase 20 series of outstanding notes,\nincluding the Old Notes, and consent solicitations for the Old Notes (the\n“Separate Consent Solicitations”), on the terms and subject to the\nconditions set forth in the Offer to Purchase and Consent Solicitation\nStatement dated May 11, 2026, as amended by Verizon’s press releases\nrelating to the tender offers and Separate Consent Solicitations dated June 2,\n2026. Consents delivered for a series of Old Notes in connection with the\nExchange Offers were cumulated with the consents delivered for such series in\nconnection with the Separate Consent Solicitations. The cash tender offers are\nseparate and distinct from the Exchange Offers, and neither the Exchange\nOffers nor the separate cash tender offers are conditioned upon the\nconsummation of such other offers.\n\nVerizon’s obligation to accept Old Notes (and the related consents) tendered\nin the Exchange Offers and Consent Solicitations was subject to the terms and\nconditions described in the Exchange Offer Documents, as amended. As of the\nExpiration Date, the requisite consents to effect the applicable Proposed\nAmendments were received in connection with the Consent Solicitations and\nSeparate Consent Solicitations with respect to the 6.860% Debentures due 2028,\n6.730% Debentures, Series G due 2028, 8.375% Debentures due 2029, 7.875%\nDebentures due 2029, 8.625% Debentures due 2031 and 7.875% Senior Notes due\n2032. The completion of any Exchange Offer with respect to a series of Old\nNotes was not conditioned on the receipt of the requisite consents in the\nrelated Consent Solicitation. All conditions to the Exchange Offers and\nConsent Solicitations were deemed to be satisfied or waived by Verizon as of\nthe Expiration Date.\n\nVerizon has accepted all Old Notes (and the related consents) validly tendered\nand not validly withdrawn at or prior to the Expiration Date. The table below\nsets forth, for each series of Old Notes, the principal amount accepted for\nexchange and the previously announced Total Consideration (as defined in the\nExchange Offer and Consent Solicitation Statement, as amended), which includes\nthe Early Participation Payment and the separate cash Consent Payment (each as\ndefined in the Exchange Offer and Consent Solicitation Statement, as amended),\npayable on June 22, 2026 (the “Settlement Date”).\n\n CUSIP Number    Subsidiary Issuer ((1))     Title of Security                       Principal Amount Outstanding        Aggregate Principal Amount Outstanding Accepted       Percentage of Principal Amount Outstanding Accepted  \n 362333AH9       Frontier Florida LLC        6.860% Debentures due 2028              $282,289,000                        $2,903,000                                            1.03%                                                \n 362337AK3       Frontier North Inc.         6.730% Debentures, Series G due 2028    $200,000,000                        $8,404,000                                            4.20%                                                \n 020039AJ2       Alltel Corporation          6.800% Debentures due 2029              $38,098,000                         $600,000                                              1.57%                                                \n 165087AL1       Verizon Virginia LLC        8.375% Debentures due 2029              $8,993,000                          $3,595,000                                            39.98%                                               \n 165069AP0       Verizon Maryland LLC        8.000% Debentures due 2029*             $19,981,000                         $4,875,000                                            24.40%                                               \n 645767AW4       Verizon New Jersey Inc.     7.850% Debentures due 2029              $44,704,000                         $11,770,000                                           26.33%                                               \n 644239AY1       Verizon New England Inc.    7.875% Debentures due 2029*             $133,077,000                        $69,235,000                                           52.03%                                               \n 165069AQ8       Verizon Maryland LLC        8.300% Debentures due 2031              $21,111,000                         $6,346,000                                            30.06%                                               \n 252759AM7       Verizon Delaware LLC        8.625% Debentures due 2031              $2,381,000                          $2,045,000                                            85.89%                                               \n 020039DC4       Alltel Corporation          7.875% Senior Notes due 2032            $55,847,000                         $32,064,000                                           57.41%                                               \n 92344WAB7       Verizon Maryland LLC        5.125% Debentures due 2033              $139,085,000                        $19,555,000                                           14.06%                                               \n\n\n\n                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              \n (1)  See Annex A of the Exchange Offer and Consent Solicitation Statement for a list of original issuers, as applicable.                                                                                                                                                                                                                                                                                                                                                                                     \n *    Denotes a series of Old Notes, a portion of which is held in physical certificated form (such portion, the “Certificated Notes”) and is not held through The Depository Trust Company (“DTC”). Such Certificated Notes may only be tendered in accordance with the terms and conditions of the Letter of Transmittal. With respect to the Certificated Notes, all references to the Exchange Offer and Consent Solicitation Statement herein shall also include the Letter of Transmittal.              \n                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              \n\nWhen issued, each series of New Notes will have the same economic terms as the\ncorresponding series of Old Notes, including maturity date, interest rate, and\ninterest payment dates, and will not be registered under the Securities Act of\n1933, as amended (the “Securities Act”), or any state securities laws.\nTherefore, such New Notes may not be offered or sold in the United States\nabsent registration or an applicable exemption from the registration\nrequirements of the Securities Act and any applicable state securities laws.\nVerizon will enter into a registration rights agreement with respect to such\nNew Notes on the Settlement Date.\n\nOnly holders who duly completed and returned an eligibility letter certifying\nthat they were either (1) “qualified institutional buyers” as defined in\nRule 144A under the Securities Act or (2) non-“U.S. persons” (as defined\nin Rule 902 under the Securities Act) located outside of the United States and\nwho were “Non-U.S. qualified offerees” (as defined in the eligibility\nletter) were authorized to receive the Exchange Offer and Consent Solicitation\nStatement and to participate in the Exchange Offers and Consent Solicitations\n(each such holder, an “Eligible Holder”). Eligible Holders of Old Notes\naccepted for exchange will receive the Total Consideration on the Settlement\nDate.\n\nGlobal Bondholder Services Corporation has acted as the Exchange Agent and\nInformation Agent for the Exchange Offers and Consent Solicitations. Questions\nor requests for assistance related to the Exchange Offers and Consent\nSolicitations, or for additional copies of the Exchange Offer Documents may be\ndirected to Global Bondholder Services Corporation at (855) 654-2015\n(toll-free) or (212) 430-3774 (collect). You may also contact your broker,\ndealer, commercial bank, trust company or other nominee for assistance\nconcerning the Exchange Offers and Consent Solicitations.\n\nThis announcement is for informational purposes only. This announcement is not\nan offer to exchange or a solicitation of an offer to exchange any Old Notes.\nThe Exchange Offers and Consent Solicitations have been made solely pursuant\nto the Exchange Offer Documents. The Exchange Offers and Consent Solicitations\nhave not been made to holders of Old Notes in any jurisdiction in which the\nmaking or acceptance thereof would not be in compliance with the securities,\nblue sky or other laws of such jurisdiction. In any jurisdiction in which the\nsecurities laws or blue sky laws require the Exchange Offers and Consent\nSolicitations to be made by a licensed broker or dealer, the Exchange Offers\nand Consent Solicitations will be deemed to be made on behalf of Verizon by\nthe dealer managers or one or more registered brokers or dealers that are\nlicensed under the laws of such jurisdiction.\n\nThis communication and any other documents or materials relating to the\nExchange Offers and Consent Solicitations have not been approved by an\nauthorized person for the purposes of Section 21 of the Financial Services and\nMarkets Act 2000, as amended (the “FSMA”). Accordingly, this announcement\nis not being distributed to, and must not be passed on to, persons within the\nUnited Kingdom save in circumstances where section 21(1) of the FSMA does not\napply. Accordingly, this communication is only addressed to and directed at\npersons who are outside the United Kingdom and (i) persons falling within the\ndefinition of investment professionals (as defined in Article 19(5) of the\nFinancial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the\n“Financial Promotion Order”)), or (ii) within Article 43 of the Financial\nPromotion Order, or (iii) high net worth companies and other persons to whom\nit may lawfully be communicated falling within Article 49(2)(a) to (d) of the\nFinancial Promotion Order, or (iv) to whom an invitation or inducement to\nengage in investment activity (within the meaning of Section 21 of the FSMA)\nin connection with the issue or sale of any securities may otherwise lawfully\nbe communicated or caused to be communicated (such persons together being\n“relevant persons”). The New Notes are only available to, and any\ninvitation, offer or agreement to subscribe, purchase or otherwise acquire\nsuch New Notes will be engaged in only with, relevant persons. Any person who\nis not a relevant person should not act or rely on any document or material\nrelating to the Exchange Offers and Consent Solicitations or any of their\ncontents.\n\nThis communication and any other documents or materials relating to the\nExchange Offers and Consent Solicitations are only addressed to and directed\nat persons in member states of the European Economic Area (the “EEA”), who\nare “Qualified Investors” within the meaning of Article 2(e) of Regulation\n(EU) 2017/1129. The New Notes are only available to, and any invitation, offer\nor agreement to subscribe, purchase or otherwise acquire such New Notes, will\nbe engaged in only with, Qualified Investors. The Exchange Offers are only\navailable to Qualified Investors. None of the information in any document or\nmaterial relating to the Exchange Offers and Consent Solicitations should be\nacted upon or relied upon in any member state of the EEA by persons who are\nnot Qualified Investors.\n\nCautionary Statement Regarding Forward-Looking Statements\n\nIn this communication Verizon has made forward-looking statements, including\nregarding the conduct and completion of the Exchange Offers and Consent\nSolicitations. These forward-looking statements are not historical facts, but\nonly predictions and generally can be identified by use of statements that\ninclude phrases such as “will,” “may,” “should,” “continue,”\n“anticipate,” “assume,” “believe,” “expect,” “plan,”\n“appear,” “project,” “estimate,” “hope,” “intend,”\n“target,” “forecast,” or other words or phrases of similar import.\nSimilarly, statements that describe our objectives, plans or goals also are\nforward-looking statements. These forward-looking statements are subject to\nrisks and uncertainties that could cause actual results to differ materially\nfrom those currently anticipated, including those discussed in the Exchange\nOffer and Consent Solicitation Statement under the heading “Risk Factors”\nand under similar headings in other documents that are incorporated by\nreference in the Exchange Offer and Consent Solicitation Statement. Eligible\nHolders are urged to consider these risks and uncertainties carefully in\nevaluating the forward-looking statements and are cautioned not to place undue\nreliance on these forward-looking statements. The forward-looking statements\nincluded in this press release are made only as of the date of this press\nrelease, and Verizon undertakes no obligation to update publicly these\nforward-looking statements to reflect new information, future events or\notherwise. In light of these risks, uncertainties and assumptions, the\nforward-looking events might or might not occur. Verizon cannot assure you\nthat projected results or events will be achieved.\n\nThis announcement was originally published by Verizon. Read the original press\nrelease.\n(https://www.globenewswire.com/Tracker?data=ZxqlqIHZRynLzXTU_l9IiCPF3a52AZVGO7FhM7uZ8jQJitYLW6nz4k8lR3wU1a6yPu17H-F6fnkhFN9UVdD6lvgy5Q0o3UxkL82IkJ2lVK4jz1YnO4mNRDWf7v_2V14H7z2U5r2KRUzsxdB19vEXVn6wqbPb7HxJRSe1vUx2Tb6CcFLT43ilVDncTR4rtJed)\n\nMedia contact:\nKatie Magnotta\n201-602-9235\nkatie.magnotta@verizon.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2a0c6c7a-3980-4c97-a719-a463817cf3f6)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX4K1cJW","title":"Verizon announces expiration and final results of its private exchange offers and consent solicitations for 11 series of notes","author":"Globe Newswire","ticker":"VZ","created":"2026-06-17T11:47:43.143Z","tickers":["VZ"],"exchange":"NYSE","article_body":"NEW YORK, June 17, 2026 (GLOBE NEWSWIRE) -- Verizon Communications Inc.\n(“Verizon”) (NYSE, Nasdaq: VZ) today announced the expiration and final\nresults, as of 5:00 p.m. (New York City time) on June 16, 2026 (the\n“Expiration Date”), which was also the Extended Early Participation Date\n(as defined in Verizon’s press release relating to the Exchange Offers and\nConsent Solicitations dated June 2, 2026 (the “Early Results Press\nRelease”), of its previously announced (i) offers to exchange (the\n“Exchange Offers”), on behalf of certain of its wholly-owned subsidiaries,\nany and all of the outstanding series of debt securities listed below (the\n“Old Notes”) for specified series of newly issued notes of Verizon\n(collectively, the “New Notes”) and (ii) solicitations of consents (the\n“Consent Solicitations”), on behalf of such subsidiaries, to the proposed\namendments to the indentures governing the Old Notes (with respect to each\nseries of Old Notes, the “Proposed Amendments”) in order to, among other\nthings, eliminate certain of the restrictive covenants and other provisions\ncontained therein, each on the terms and subject to the conditions set forth\nin the Exchange Offer and Consent Solicitation Statement dated May 11, 2026\n(the “Exchange Offer and Consent Solicitation Statement” and, together\nwith the accompanying letter of transmittal (the “Letter of Transmittal”)\nand eligibility letter, the “Exchange Offer Documents”), as amended by the\nEarly Results Press Release.\n\nVerizon today also announced the final results of its separate, previously\nannounced cash tender offers, for its own account and on behalf of certain of\nits wholly-owned subsidiaries, to purchase 20 series of outstanding notes,\nincluding the Old Notes, and consent solicitations for the Old Notes (the\n“Separate Consent Solicitations”), on the terms and subject to the\nconditions set forth in the Offer to Purchase and Consent Solicitation\nStatement dated May 11, 2026, as amended by Verizon’s press releases\nrelating to the tender offers and Separate Consent Solicitations dated June 2,\n2026. Consents delivered for a series of Old Notes in connection with the\nExchange Offers were cumulated with the consents delivered for such series in\nconnection with the Separate Consent Solicitations. The cash tender offers are\nseparate and distinct from the Exchange Offers, and neither the Exchange\nOffers nor the separate cash tender offers are conditioned upon the\nconsummation of such other offers.\n\nVerizon’s obligation to accept Old Notes (and the related consents) tendered\nin the Exchange Offers and Consent Solicitations was subject to the terms and\nconditions described in the Exchange Offer Documents, as amended. As of the\nExpiration Date, the requisite consents to effect the applicable Proposed\nAmendments were received in connection with the Consent Solicitations and\nSeparate Consent Solicitations with respect to the 6.860% Debentures due 2028,\n6.730% Debentures, Series G due 2028, 8.375% Debentures due 2029, 7.875%\nDebentures due 2029, 8.625% Debentures due 2031 and 7.875% Senior Notes due\n2032. The completion of any Exchange Offer with respect to a series of Old\nNotes was not conditioned on the receipt of the requisite consents in the\nrelated Consent Solicitation. All conditions to the Exchange Offers and\nConsent Solicitations were deemed to be satisfied or waived by Verizon as of\nthe Expiration Date.\n\nVerizon has accepted all Old Notes (and the related consents) validly tendered\nand not validly withdrawn at or prior to the Expiration Date. The table below\nsets forth, for each series of Old Notes, the principal amount accepted for\nexchange and the previously announced Total Consideration (as defined in the\nExchange Offer and Consent Solicitation Statement, as amended), which includes\nthe Early Participation Payment and the separate cash Consent Payment (each as\ndefined in the Exchange Offer and Consent Solicitation Statement, as amended),\npayable on June 22, 2026 (the “Settlement Date”).\n\n CUSIP Number    Subsidiary Issuer ((1))     Title of Security                       Principal Amount Outstanding        Aggregate Principal Amount Outstanding Accepted       Percentage of Principal Amount Outstanding Accepted  \n 362333AH9       Frontier Florida LLC        6.860% Debentures due 2028              $282,289,000                        $2,903,000                                            1.03%                                                \n 362337AK3       Frontier North Inc.         6.730% Debentures, Series G due 2028    $200,000,000                        $8,404,000                                            4.20%                                                \n 020039AJ2       Alltel Corporation          6.800% Debentures due 2029              $38,098,000                         $600,000                                              1.57%                                                \n 165087AL1       Verizon Virginia LLC        8.375% Debentures due 2029              $8,993,000                          $3,595,000                                            39.98%                                               \n 165069AP0       Verizon Maryland LLC        8.000% Debentures due 2029*             $19,981,000                         $4,875,000                                            24.40%                                               \n 645767AW4       Verizon New Jersey Inc.     7.850% Debentures due 2029              $44,704,000                         $11,770,000                                           26.33%                                               \n 644239AY1       Verizon New England Inc.    7.875% Debentures due 2029*             $133,077,000                        $69,235,000                                           52.03%                                               \n 165069AQ8       Verizon Maryland LLC        8.300% Debentures due 2031              $21,111,000                         $6,346,000                                            30.06%                                               \n 252759AM7       Verizon Delaware LLC        8.625% Debentures due 2031              $2,381,000                          $2,045,000                                            85.89%                                               \n 020039DC4       Alltel Corporation          7.875% Senior Notes due 2032            $55,847,000                         $32,064,000                                           57.41%                                               \n 92344WAB7       Verizon Maryland LLC        5.125% Debentures due 2033              $139,085,000                        $19,555,000                                           14.06%                                               \n\n\n\n                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              \n (1)  See Annex A of the Exchange Offer and Consent Solicitation Statement for a list of original issuers, as applicable.                                                                                                                                                                                                                                                                                                                                                                                     \n *    Denotes a series of Old Notes, a portion of which is held in physical certificated form (such portion, the “Certificated Notes”) and is not held through The Depository Trust Company (“DTC”). Such Certificated Notes may only be tendered in accordance with the terms and conditions of the Letter of Transmittal. With respect to the Certificated Notes, all references to the Exchange Offer and Consent Solicitation Statement herein shall also include the Letter of Transmittal.              \n                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              \n\nWhen issued, each series of New Notes will have the same economic terms as the\ncorresponding series of Old Notes, including maturity date, interest rate, and\ninterest payment dates, and will not be registered under the Securities Act of\n1933, as amended (the “Securities Act”), or any state securities laws.\nTherefore, such New Notes may not be offered or sold in the United States\nabsent registration or an applicable exemption from the registration\nrequirements of the Securities Act and any applicable state securities laws.\nVerizon will enter into a registration rights agreement with respect to such\nNew Notes on the Settlement Date.\n\nOnly holders who duly completed and returned an eligibility letter certifying\nthat they were either (1) “qualified institutional buyers” as defined in\nRule 144A under the Securities Act or (2) non-“U.S. persons” (as defined\nin Rule 902 under the Securities Act) located outside of the United States and\nwho were “Non-U.S. qualified offerees” (as defined in the eligibility\nletter) were authorized to receive the Exchange Offer and Consent Solicitation\nStatement and to participate in the Exchange Offers and Consent Solicitations\n(each such holder, an “Eligible Holder”). Eligible Holders of Old Notes\naccepted for exchange will receive the Total Consideration on the Settlement\nDate.\n\nGlobal Bondholder Services Corporation has acted as the Exchange Agent and\nInformation Agent for the Exchange Offers and Consent Solicitations. Questions\nor requests for assistance related to the Exchange Offers and Consent\nSolicitations, or for additional copies of the Exchange Offer Documents may be\ndirected to Global Bondholder Services Corporation at (855) 654-2015\n(toll-free) or (212) 430-3774 (collect). You may also contact your broker,\ndealer, commercial bank, trust company or other nominee for assistance\nconcerning the Exchange Offers and Consent Solicitations.\n\nThis announcement is for informational purposes only. This announcement is not\nan offer to exchange or a solicitation of an offer to exchange any Old Notes.\nThe Exchange Offers and Consent Solicitations have been made solely pursuant\nto the Exchange Offer Documents. The Exchange Offers and Consent Solicitations\nhave not been made to holders of Old Notes in any jurisdiction in which the\nmaking or acceptance thereof would not be in compliance with the securities,\nblue sky or other laws of such jurisdiction. In any jurisdiction in which the\nsecurities laws or blue sky laws require the Exchange Offers and Consent\nSolicitations to be made by a licensed broker or dealer, the Exchange Offers\nand Consent Solicitations will be deemed to be made on behalf of Verizon by\nthe dealer managers or one or more registered brokers or dealers that are\nlicensed under the laws of such jurisdiction.\n\nThis communication and any other documents or materials relating to the\nExchange Offers and Consent Solicitations have not been approved by an\nauthorized person for the purposes of Section 21 of the Financial Services and\nMarkets Act 2000, as amended (the “FSMA”). Accordingly, this announcement\nis not being distributed to, and must not be passed on to, persons within the\nUnited Kingdom save in circumstances where section 21(1) of the FSMA does not\napply. Accordingly, this communication is only addressed to and directed at\npersons who are outside the United Kingdom and (i) persons falling within the\ndefinition of investment professionals (as defined in Article 19(5) of the\nFinancial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the\n“Financial Promotion Order”)), or (ii) within Article 43 of the Financial\nPromotion Order, or (iii) high net worth companies and other persons to whom\nit may lawfully be communicated falling within Article 49(2)(a) to (d) of the\nFinancial Promotion Order, or (iv) to whom an invitation or inducement to\nengage in investment activity (within the meaning of Section 21 of the FSMA)\nin connection with the issue or sale of any securities may otherwise lawfully\nbe communicated or caused to be communicated (such persons together being\n“relevant persons”). The New Notes are only available to, and any\ninvitation, offer or agreement to subscribe, purchase or otherwise acquire\nsuch New Notes will be engaged in only with, relevant persons. Any person who\nis not a relevant person should not act or rely on any document or material\nrelating to the Exchange Offers and Consent Solicitations or any of their\ncontents.\n\nThis communication and any other documents or materials relating to the\nExchange Offers and Consent Solicitations are only addressed to and directed\nat persons in member states of the European Economic Area (the “EEA”), who\nare “Qualified Investors” within the meaning of Article 2(e) of Regulation\n(EU) 2017/1129. The New Notes are only available to, and any invitation, offer\nor agreement to subscribe, purchase or otherwise acquire such New Notes, will\nbe engaged in only with, Qualified Investors. The Exchange Offers are only\navailable to Qualified Investors. None of the information in any document or\nmaterial relating to the Exchange Offers and Consent Solicitations should be\nacted upon or relied upon in any member state of the EEA by persons who are\nnot Qualified Investors.\n\nCautionary Statement Regarding Forward-Looking Statements\n\nIn this communication Verizon has made forward-looking statements, including\nregarding the conduct and completion of the Exchange Offers and Consent\nSolicitations. These forward-looking statements are not historical facts, but\nonly predictions and generally can be identified by use of statements that\ninclude phrases such as “will,” “may,” “should,” “continue,”\n“anticipate,” “assume,” “believe,” “expect,” “plan,”\n“appear,” “project,” “estimate,” “hope,” “intend,”\n“target,” “forecast,” or other words or phrases of similar import.\nSimilarly, statements that describe our objectives, plans or goals also are\nforward-looking statements. These forward-looking statements are subject to\nrisks and uncertainties that could cause actual results to differ materially\nfrom those currently anticipated, including those discussed in the Exchange\nOffer and Consent Solicitation Statement under the heading “Risk Factors”\nand under similar headings in other documents that are incorporated by\nreference in the Exchange Offer and Consent Solicitation Statement. Eligible\nHolders are urged to consider these risks and uncertainties carefully in\nevaluating the forward-looking statements and are cautioned not to place undue\nreliance on these forward-looking statements. The forward-looking statements\nincluded in this press release are made only as of the date of this press\nrelease, and Verizon undertakes no obligation to update publicly these\nforward-looking statements to reflect new information, future events or\notherwise. In light of these risks, uncertainties and assumptions, the\nforward-looking events might or might not occur. Verizon cannot assure you\nthat projected results or events will be achieved.\n\nThis announcement was originally published by Verizon. Read the original press\nrelease.\n(https://www.globenewswire.com/Tracker?data=ZxqlqIHZRynLzXTU_l9IiCPF3a52AZVGO7FhM7uZ8jQJitYLW6nz4k8lR3wU1a6yPu17H-F6fnkhFN9UVdD6lvgy5Q0o3UxkL82IkJ2lVK4jz1YnO4mNRDWf7v_2V14H7z2U5r2KRUzsxdB19vEXVn6wqbPb7HxJRSe1vUx2Tb6CcFLT43ilVDncTR4rtJed)\n\nMedia contact:\nKatie Magnotta\n201-602-9235\nkatie.magnotta@verizon.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2a0c6c7a-3980-4c97-a719-a463817cf3f6)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-06-17T11:47:43.203266138Z","server_sent_at_ms":1781696863203},"received_at":"2026-06-17T11:47:43.394Z","source_url":"https://www.globenewswire.com/news-release/2026/06/17/3313350/0/en/Verizon-announces-expiration-and-final-results-of-its-private-exchange-offers-and-consent-solicitations-for-11-series-of-notes.html"},"analysis":{"id":"55660","press_release_id":"66242","analysis_json":{"industry":{"label":"Diversified Telecommunication Services","sector":"Communication Services"},"redFlags":[],"eventType":"debt_offering","narrative":"Verizon announced the expiration and final results of its private exchange offers and consent solicitations for 11 series of notes, accepting all validly tendered securities.\n\nThe company secured requisite consents to amend indentures for six series of notes to eliminate restrictive covenants, with total consideration scheduled for payment on June 22, 2026.\n\nThe new notes issued in exchange will carry the same economic terms as the old notes, including maturity dates and interest rates, and are not registered under the Securities Act.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Verizon completes debt exchange offers, secures covenant relief on several note series."},"keyFigures":{"customDimensions":{"expiration_date":"June 16, 2026","settlement_date":"June 22, 2026","accepted_principal_breakdown":[]}},"quotedText":"Verizon has accepted all Old Notes (and the related consents) validly tendered and not validly withdrawn at or prior to the Expiration Date.","namedEntities":{"people":[{"name":"Katie Magnotta","role":"Media Contact"}],"products":["6.860% Debentures due 2028","6.730% Debentures, Series G due 2028","6.800% Debentures due 2029","8.375% Debentures due 2029","8.000% Debentures due 2029","7.850% Debentures due 2029","7.875% Debentures due 2029","8.300% Debentures due 2031","8.625% Debentures due 2031","7.875% Senior Notes due 2032","5.125% Debentures due 2033"],"companies":[{"name":"Verizon Communications Inc.","ticker":"VZ"},{"name":"Frontier Florida LLC","relationship":"subsidiary"},{"name":"Frontier North Inc.","relationship":"subsidiary"},{"name":"Alltel Corporation","relationship":"subsidiary"},{"name":"Verizon Virginia LLC","relationship":"subsidiary"},{"name":"Verizon Maryland LLC","relationship":"subsidiary"},{"name":"Verizon New Jersey Inc.","relationship":"subsidiary"},{"name":"Verizon New England Inc.","relationship":"subsidiary"},{"name":"Verizon Delaware LLC","relationship":"subsidiary"},{"name":"Global Bondholder Services Corporation","relationship":"exchange agent"}],"dollarAmounts":[{"amount":"$2,903,000","context":"Aggregate Principal Amount Outstanding Accepted for 6.860% Debentures due 2028"},{"amount":"$8,404,000","context":"Aggregate Principal Amount Outstanding Accepted for 6.730% Debentures due 2028"},{"amount":"$600,000","context":"Aggregate Principal Amount Outstanding Accepted for 6.800% Debentures due 2029"},{"amount":"$3,595,000","context":"Aggregate Principal Amount Outstanding Accepted for 8.375% Debentures due 2029"},{"amount":"$4,875,000","context":"Aggregate Principal Amount Outstanding Accepted for 8.000% Debentures due 2029"},{"amount":"$11,770,000","context":"Aggregate Principal Amount Outstanding Accepted for 7.850% Debentures due 2029"},{"amount":"$69,235,000","context":"Aggregate Principal Amount Outstanding Accepted for 7.875% Debentures due 2029"},{"amount":"$6,346,000","context":"Aggregate Principal Amount Outstanding Accepted for 8.300% Debentures due 2031"},{"amount":"$2,045,000","context":"Aggregate Principal Amount Outstanding Accepted for 8.625% Debentures due 2031"},{"amount":"$32,064,000","context":"Aggregate Principal Amount Outstanding Accepted for 7.875% Senior Notes due 2032"},{"amount":"$19,555,000","context":"Aggregate Principal Amount Outstanding Accepted for 5.125% Debentures due 2033"}]},"materialImpact":{"score":1,"reasoning":"Routine announcement of final results for previously disclosed debt exchange offers and consent solicitations. 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