{"success":true,"data":{"pressRelease":{"id":"66243","rtpr_id":"nGNX5D37B4","ticker":"VZ","exchange":"NYSE","all_tickers":["VZ"],"title":"Verizon announces expiration and final results of its tender offers and consent solicitations for 20 series of Verizon and certain of its subsidiaries’ notes","author":"Globe Newswire","published_at":"2026-06-17T11:47:58.164Z","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 Any and All Notes Extended Early\nParticipation Date (as defined in Verizon’s press releases relating to the\nTender Offers and Consent Solicitations dated June 2, 2026 (collectively, the\n“June 2026 Press Release”) of its previously announced 11 separate offers,\non behalf of certain of its wholly-owned subsidiaries, to purchase for cash\nany and all of the debt securities listed in Table 1 below (the “Any and All\nNotes” and such offers, the “Any and All Tender Offers”) as well as\nsolicit consents (the “Consent Solicitations”) to the proposed amendments\nto the indentures governing the Any and All Notes issued by such subsidiaries\n(with respect to each series of Any and All Notes, the “Proposed\nAmendments”) in order to, among other things, eliminate certain of the\nrestrictive covenants and other provisions contained therein on the terms and\nsubject to the conditions set forth in the Offer to Purchase and Consent\nSolicitation Statement dated May 11, 2026 (the “Offer to Purchase and\nConsent Solicitation Statement” and, together with the accompanying letter\nof transmittal, the “Offer Documents”), as amended by the June 2026 Press\nRelease.\n\nAs previously announced, Verizon accepted for purchase all of the Waterfall\nNotes (as defined in the June 2026 Press Release) (together with the Any and\nAll Notes, the “Notes”) validly tendered at or prior to the Waterfall\nNotes Early Participation Date (as defined in the June 2026 Press Release) in\nconnection with its 9 separate Waterfall Tender Offers (as defined in the June\n2026 Press Release) (together with the Any and All Tender Offers, the\n“Tender Offers”) on behalf of itself and certain of its wholly-owned\nsubsidiaries in accordance with the Acceptance Priority Procedures (as defined\nin the June 2026 Press Release) described in the Offer to Purchase and Consent\nSolicitation Statement, as amended. Because the aggregate purchase price to be\npaid for the Waterfall Notes validly tendered at or prior to the Waterfall\nNotes Early Participation Date was equal to the increased Waterfall Cap, no\nadditional Waterfall Notes tendered after the Waterfall Notes Early\nParticipation Date were accepted for purchase.\n\nVerizon today also announced the final results of its separate, previously\nannounced exchange offers and consent solicitations (such consent\nsolicitations, the “Separate Consent Solicitations”), on behalf of certain\nof its wholly-owned subsidiaries, to exchange the Any and All Notes for new\nnotes issued by Verizon, 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”), as amended by\nVerizon’s press release relating to the exchange offers and Separate Consent\nSolicitations dated June 2, 2026. Consents delivered for a series of Any and\nAll Notes in connection with the Tender Offers were cumulated with the\nconsents delivered for such series of Any and All Notes in connection with the\nSeparate Consent Solicitations. The exchange offers are separate and distinct\nfrom the Tender Offers, and neither the Tender Offers nor the separate\nexchange offers are conditioned upon the consummation of such other offers.\n\nAs of the Expiration Date, all conditions to the Tender Offers and Consent\nSolicitations were deemed satisfied or waived by Verizon. The requisite\nconsents to effect the applicable Proposed Amendments were received in\nconnection with the Consent Solicitations and Separate Consent Solicitations\nwith respect to the 6.860% Debentures due 2028, 6.730% Debentures, Series G\ndue 2028, 8.375% Debentures due 2029, 7.875% Debentures due 2029, 8.625%\nDebentures due 2031 and 7.875% Senior Notes due 2032. The aggregate principal\namount of the Notes accepted by Verizon (not including accrued and unpaid\ninterest on such Notes) in connection with the Tender Offers and Consent\nSolicitations is $1,857,563,000.\n\nVerizon has accepted all Notes (and, with respect to the Any and All Notes,\nthe related consents) validly tendered and not validly withdrawn at or prior\nto the Expiration Date. The tables below set forth, among other things, the\nprincipal amount of each series of Notes that has been accepted for purchase:\n\n Table 1 \n Any and All of the Outstanding Any and All Notes and related Consent Solicitations Listed Below: \n \n CUSIP Number Issuer ((1)) Title of Security Maturity Date Principal Amount Outstanding Principal Percentage of \n Amount Principal \n Outstanding Amount \n Accepted Outstanding \n 362333AH9 Frontier Florida LLC 6.860% Debentures due 2028 2/1/2028 $282,289,000 $234,260,000 82.99% \n 362337AK3 Frontier North Inc. 6.730% Debentures, Series G due 2028 2/15/2028 $200,000,000 $157,217,000 78.61% \n 020039AJ2 Alltel Corporation 6.800% Debentures due 2029 5/1/2029 $38,098,000 $634,000 1.66% \n 165087AL1 Verizon Virginia LLC 8.375% Debentures due 2029 10/1/2029 $8,993,000 $2,756,000 30.65% \n 165069AP0 Verizon Maryland LLC 8.000% Debentures due 2029* 10/15/2029 $19,981,000 $1,498,000 7.50% \n 645767AW4 Verizon New Jersey Inc. 7.850% Debentures due 2029 11/15/2029 $44,704,000 $4,739,000 10.60% \n 644239AY1 Verizon New England Inc. 7.875% Debentures due 2029* 11/15/2029 $133,077,000 $20,467,000 15.38% \n 165069AQ8 Verizon Maryland LLC 8.300% Debentures due 2031 8/1/2031 $21,111,000 $305,000 1.44% \n 252759AM7 Verizon Delaware LLC 8.625% Debentures due 2031 10/15/2031 $2,381,000 - 0.00% \n 020039DC4 Alltel Corporation 7.875% Senior Notes due 2032 7/1/2032 $55,847,000 $4,349,000 7.79% \n 92344WAB7 Verizon Maryland LLC 5.125% Debentures due 2033 6/15/2033 $139,085,000 $20,369,000 14.65% \n\n\n\n Table 2 \n Outstanding Waterfall Notes in the Waterfall Tender Offers Listed Below: \n \n Acceptance CUSIP Number Issuer ((1)) Title of Security Maturity Date Principal Amount Outstanding Principal Percentage of \n Priority Amount Principal \n Level Outstanding Accepted Amount \n Outstanding \n 1 362311AG7 Frontier California Inc. 6.750% Debentures due 2027 5/15/2027 $200,000,000 $109,112,000 54.56% \n 2 650094CJ2 Verizon New York Inc. 6.500% Debentures due 2028 4/15/2028 $34,773,000 $1,899,000 5.46% \n 3 07786DAA4 Verizon Pennsylvania LLC 6.000% Debentures due 2028 12/1/2028 $44,079,000 $9,237,000 20.96% \n 4 165123AM2 Frontier West Virginia Inc. 8.400% Debentures due 2029* 10/15/2029 $50,000,000 $48,516,000 97.03% \n 5 078167AZ6 Verizon Pennsylvania LLC 8.350% Debentures due 2030 12/15/2030 $31,140,000 $8,642,000 27.75% \n 6 078167BA0 Verizon Pennsylvania LLC 8.750% Debentures due 2031 8/15/2031 $34,923,000 $24,279,000 69.52% \n 7 92344XAB5 Verizon New York Inc. 7.375% Debentures due 2032 4/1/2032 $99,437,000 $17,551,000 17.65% \n 8 362320BA0 Verizon Communications Inc. 6.940% Notes due 2028 4/15/2028 $249,838,000 $48,752,000 19.51% \n 9 92343VGH1 Verizon Communications Inc. 2.100% Notes due 2028 3/22/2028 $2,068,135,000 $1,142,981,000 55.27% \n\n_______________________\n(1)   See Annex A of the Offer to Purchase and Consent Solicitation\nStatement for a list of original issuer names, as applicable.\n*      Denotes a series of Notes, a portion of which is held in physical\ncertificated form (such portion, the “Certificated Notes”) and is not held\nthrough The Depository Trust Company (“DTC”). Such Certificated Notes may\nonly be tendered in accordance with the terms and conditions of the\naccompanying Letter of Transmittal. With respect to the Certificated Notes,\nall references to the Offer to Purchase and Consent Solicitation Statement\nherein shall also include the Letter of Transmittal.\n\nOn June 22, 2026 (the “Settlement Date”), holders whose Notes have been\naccepted for purchase will receive the applicable Total Consideration, which\nis based on the previously announced pricing terms for the Tender Offers and\nincludes the Early Participation Payment (each as defined in the Offer to\nPurchase and Consent Solicitation Statement, as amended), in cash. Such\nholders will also receive an additional cash payment equal to accrued and\nunpaid interest on such Notes to, but not including, the Settlement Date.\n\nVerizon retained Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan\nStanley & Co. LLC and Wells Fargo Securities, LLC to act as lead dealer\nmanagers and lead solicitation agents for the Tender Offers and Consent\nSolicitations and BNY Mellon Capital Markets, LLC, CIBC World Markets Corp.,\nIntesa Sanpaolo IMI Securities Corp. and NatWest Markets Securities Inc. as\nco-dealer managers and co-solicitation agents for the Tender Offers and\nConsent Solicitations.\n\nGlobal Bondholder Services Corporation has acted as the Tender Agent and the\nInformation Agent for the Tender Offers and Consent Solicitations. Questions\nor requests for assistance related to the Tender Offers and Consent\nSolicitations or for additional copies of the Offer Documents may be directed\nto Global Bondholder Services Corporation at (855) 654-2015 (toll-free) or\n(212) 430-3774 (collect). You may also contact your broker, dealer, commercial\nbank, trust company or other nominee for assistance concerning the Tender\nOffers and Consent Solicitations.\n\nHolders are advised to check with any bank, securities broker or other\nintermediary through which they hold Notes as to when such intermediary would\nneed to receive instructions from a beneficial owner in order for that Holder\nto be able to participate in, or (in the circumstances in which revocation is\npermitted) revoke their instruction to participate in, the Tender Offers and\nConsent Solicitations before the deadlines specified herein and in the Offer\nDocuments. The deadlines set by any such intermediary and DTC for the\nsubmission and withdrawal of tender instructions may be earlier than the\nrelevant deadlines specified herein and in the Offer Documents.\n\nThis announcement is for informational purposes only. This announcement is not\nan offer to purchase or a solicitation of an offer to purchase any Notes. The\nTender Offers and Consent Solicitations have been made solely pursuant to the\nOffer Documents and related documents. The Tender Offers and Consent\nSolicitations are not being made to Holders of Notes in any jurisdiction in\nwhich the making or acceptance thereof would not be in compliance with the\nsecurities, blue sky or other laws of such jurisdiction. In any jurisdiction\nin which the securities laws or blue sky laws require the Tender Offers and\nConsent Solicitations to be made by a licensed broker or dealer, the Tender\nOffers and Consent Solicitations will be deemed to be made on behalf of\nVerizon by the dealer managers or one or more registered brokers or dealers\nthat are licensed under the laws of such jurisdiction.\n\nThis communication and any other documents or materials relating to the Tender\nOffers and Consent Solicitations have not been approved by an authorized\nperson for the purposes of Section 21 of the Financial Services and Markets\nAct 2000, as amended (the “FSMA”). Accordingly, this announcement is not\nbeing distributed to, and must not be passed on to, persons within the United\nKingdom save in circumstances where section 21(1) of the FSMA does not apply.\nAccordingly, this communication is only addressed to and directed at (i)\npersons who are outside the United Kingdom, or (ii) 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 (iii) within Article 43 of the Financial\nPromotion Order, or (iv) high net worth companies and other persons to whom it\nmay lawfully be communicated falling within Article 49(2)(a) to (d) of the\nFinancial Promotion Order (such persons together being “relevant\npersons”). Any person who is not a relevant person should not act or rely on\nany document or material relating to the Tender Offers and Consent\nSolicitations or any of their contents.\n\nThis communication and any other documents or materials relating to the Tender\nOffers and Consent Solicitations are only addressed to and directed at persons\nin member states of the European Economic Area (the “EEA”), who are\n“Qualified Investors” within the meaning of Article 2(1)(e) of Regulation\n(EU) 2017/1129. The Tender Offers and Consent Solicitations are only available\nto Qualified Investors. None of the information in any document or material\nrelating to the Tender Offers and Consent Solicitations should be acted upon\nor relied upon in any member state of the EEA by persons who are not Qualified\nInvestors.\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 Tender 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 Offer to\nPurchase and Consent Solicitation Statement under the heading “Risk\nFactors” and under similar headings in other documents that are incorporated\nby reference in the Offer to Purchase and Consent Solicitation Statement.\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=tReMWAsdmkaDHRO4NioGa8y0tY8PXKC46VwlIEXyhuSQnG-wuEI23Xd_Jk_VU9qjJzv3H_r6luIaGN5y5Smg6Ub724H2Fg54oq6VV9GsWanp6H5aKNnLiB3uA-TXtBR6E1cLJabS9FUuyqzQ2QA205ZcIG1PqA77zq3YdnHZSNh648Ifo4meExQiKCGz39ll).\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":"nGNX5D37B4","title":"Verizon announces expiration and final results of its tender offers and consent solicitations for 20 series of Verizon and certain of its subsidiaries’ notes","author":"Globe Newswire","ticker":"VZ","created":"2026-06-17T11:47:58.164Z","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 Any and All Notes Extended Early\nParticipation Date (as defined in Verizon’s press releases relating to the\nTender Offers and Consent Solicitations dated June 2, 2026 (collectively, the\n“June 2026 Press Release”) of its previously announced 11 separate offers,\non behalf of certain of its wholly-owned subsidiaries, to purchase for cash\nany and all of the debt securities listed in Table 1 below (the “Any and All\nNotes” and such offers, the “Any and All Tender Offers”) as well as\nsolicit consents (the “Consent Solicitations”) to the proposed amendments\nto the indentures governing the Any and All Notes issued by such subsidiaries\n(with respect to each series of Any and All Notes, the “Proposed\nAmendments”) in order to, among other things, eliminate certain of the\nrestrictive covenants and other provisions contained therein on the terms and\nsubject to the conditions set forth in the Offer to Purchase and Consent\nSolicitation Statement dated May 11, 2026 (the “Offer to Purchase and\nConsent Solicitation Statement” and, together with the accompanying letter\nof transmittal, the “Offer Documents”), as amended by the June 2026 Press\nRelease.\n\nAs previously announced, Verizon accepted for purchase all of the Waterfall\nNotes (as defined in the June 2026 Press Release) (together with the Any and\nAll Notes, the “Notes”) validly tendered at or prior to the Waterfall\nNotes Early Participation Date (as defined in the June 2026 Press Release) in\nconnection with its 9 separate Waterfall Tender Offers (as defined in the June\n2026 Press Release) (together with the Any and All Tender Offers, the\n“Tender Offers”) on behalf of itself and certain of its wholly-owned\nsubsidiaries in accordance with the Acceptance Priority Procedures (as defined\nin the June 2026 Press Release) described in the Offer to Purchase and Consent\nSolicitation Statement, as amended. Because the aggregate purchase price to be\npaid for the Waterfall Notes validly tendered at or prior to the Waterfall\nNotes Early Participation Date was equal to the increased Waterfall Cap, no\nadditional Waterfall Notes tendered after the Waterfall Notes Early\nParticipation Date were accepted for purchase.\n\nVerizon today also announced the final results of its separate, previously\nannounced exchange offers and consent solicitations (such consent\nsolicitations, the “Separate Consent Solicitations”), on behalf of certain\nof its wholly-owned subsidiaries, to exchange the Any and All Notes for new\nnotes issued by Verizon, 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”), as amended by\nVerizon’s press release relating to the exchange offers and Separate Consent\nSolicitations dated June 2, 2026. Consents delivered for a series of Any and\nAll Notes in connection with the Tender Offers were cumulated with the\nconsents delivered for such series of Any and All Notes in connection with the\nSeparate Consent Solicitations. The exchange offers are separate and distinct\nfrom the Tender Offers, and neither the Tender Offers nor the separate\nexchange offers are conditioned upon the consummation of such other offers.\n\nAs of the Expiration Date, all conditions to the Tender Offers and Consent\nSolicitations were deemed satisfied or waived by Verizon. The requisite\nconsents to effect the applicable Proposed Amendments were received in\nconnection with the Consent Solicitations and Separate Consent Solicitations\nwith respect to the 6.860% Debentures due 2028, 6.730% Debentures, Series G\ndue 2028, 8.375% Debentures due 2029, 7.875% Debentures due 2029, 8.625%\nDebentures due 2031 and 7.875% Senior Notes due 2032. The aggregate principal\namount of the Notes accepted by Verizon (not including accrued and unpaid\ninterest on such Notes) in connection with the Tender Offers and Consent\nSolicitations is $1,857,563,000.\n\nVerizon has accepted all Notes (and, with respect to the Any and All Notes,\nthe related consents) validly tendered and not validly withdrawn at or prior\nto the Expiration Date. The tables below set forth, among other things, the\nprincipal amount of each series of Notes that has been accepted for purchase:\n\n Table 1 \n Any and All of the Outstanding Any and All Notes and related Consent Solicitations Listed Below: \n \n CUSIP Number Issuer ((1)) Title of Security Maturity Date Principal Amount Outstanding Principal Percentage of \n Amount Principal \n Outstanding Amount \n Accepted Outstanding \n 362333AH9 Frontier Florida LLC 6.860% Debentures due 2028 2/1/2028 $282,289,000 $234,260,000 82.99% \n 362337AK3 Frontier North Inc. 6.730% Debentures, Series G due 2028 2/15/2028 $200,000,000 $157,217,000 78.61% \n 020039AJ2 Alltel Corporation 6.800% Debentures due 2029 5/1/2029 $38,098,000 $634,000 1.66% \n 165087AL1 Verizon Virginia LLC 8.375% Debentures due 2029 10/1/2029 $8,993,000 $2,756,000 30.65% \n 165069AP0 Verizon Maryland LLC 8.000% Debentures due 2029* 10/15/2029 $19,981,000 $1,498,000 7.50% \n 645767AW4 Verizon New Jersey Inc. 7.850% Debentures due 2029 11/15/2029 $44,704,000 $4,739,000 10.60% \n 644239AY1 Verizon New England Inc. 7.875% Debentures due 2029* 11/15/2029 $133,077,000 $20,467,000 15.38% \n 165069AQ8 Verizon Maryland LLC 8.300% Debentures due 2031 8/1/2031 $21,111,000 $305,000 1.44% \n 252759AM7 Verizon Delaware LLC 8.625% Debentures due 2031 10/15/2031 $2,381,000 - 0.00% \n 020039DC4 Alltel Corporation 7.875% Senior Notes due 2032 7/1/2032 $55,847,000 $4,349,000 7.79% \n 92344WAB7 Verizon Maryland LLC 5.125% Debentures due 2033 6/15/2033 $139,085,000 $20,369,000 14.65% \n\n\n\n Table 2 \n Outstanding Waterfall Notes in the Waterfall Tender Offers Listed Below: \n \n Acceptance CUSIP Number Issuer ((1)) Title of Security Maturity Date Principal Amount Outstanding Principal Percentage of \n Priority Amount Principal \n Level Outstanding Accepted Amount \n Outstanding \n 1 362311AG7 Frontier California Inc. 6.750% Debentures due 2027 5/15/2027 $200,000,000 $109,112,000 54.56% \n 2 650094CJ2 Verizon New York Inc. 6.500% Debentures due 2028 4/15/2028 $34,773,000 $1,899,000 5.46% \n 3 07786DAA4 Verizon Pennsylvania LLC 6.000% Debentures due 2028 12/1/2028 $44,079,000 $9,237,000 20.96% \n 4 165123AM2 Frontier West Virginia Inc. 8.400% Debentures due 2029* 10/15/2029 $50,000,000 $48,516,000 97.03% \n 5 078167AZ6 Verizon Pennsylvania LLC 8.350% Debentures due 2030 12/15/2030 $31,140,000 $8,642,000 27.75% \n 6 078167BA0 Verizon Pennsylvania LLC 8.750% Debentures due 2031 8/15/2031 $34,923,000 $24,279,000 69.52% \n 7 92344XAB5 Verizon New York Inc. 7.375% Debentures due 2032 4/1/2032 $99,437,000 $17,551,000 17.65% \n 8 362320BA0 Verizon Communications Inc. 6.940% Notes due 2028 4/15/2028 $249,838,000 $48,752,000 19.51% \n 9 92343VGH1 Verizon Communications Inc. 2.100% Notes due 2028 3/22/2028 $2,068,135,000 $1,142,981,000 55.27% \n\n_______________________\n(1)   See Annex A of the Offer to Purchase and Consent Solicitation\nStatement for a list of original issuer names, as applicable.\n*      Denotes a series of Notes, a portion of which is held in physical\ncertificated form (such portion, the “Certificated Notes”) and is not held\nthrough The Depository Trust Company (“DTC”). Such Certificated Notes may\nonly be tendered in accordance with the terms and conditions of the\naccompanying Letter of Transmittal. With respect to the Certificated Notes,\nall references to the Offer to Purchase and Consent Solicitation Statement\nherein shall also include the Letter of Transmittal.\n\nOn June 22, 2026 (the “Settlement Date”), holders whose Notes have been\naccepted for purchase will receive the applicable Total Consideration, which\nis based on the previously announced pricing terms for the Tender Offers and\nincludes the Early Participation Payment (each as defined in the Offer to\nPurchase and Consent Solicitation Statement, as amended), in cash. Such\nholders will also receive an additional cash payment equal to accrued and\nunpaid interest on such Notes to, but not including, the Settlement Date.\n\nVerizon retained Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan\nStanley & Co. LLC and Wells Fargo Securities, LLC to act as lead dealer\nmanagers and lead solicitation agents for the Tender Offers and Consent\nSolicitations and BNY Mellon Capital Markets, LLC, CIBC World Markets Corp.,\nIntesa Sanpaolo IMI Securities Corp. and NatWest Markets Securities Inc. as\nco-dealer managers and co-solicitation agents for the Tender Offers and\nConsent Solicitations.\n\nGlobal Bondholder Services Corporation has acted as the Tender Agent and the\nInformation Agent for the Tender Offers and Consent Solicitations. Questions\nor requests for assistance related to the Tender Offers and Consent\nSolicitations or for additional copies of the Offer Documents may be directed\nto Global Bondholder Services Corporation at (855) 654-2015 (toll-free) or\n(212) 430-3774 (collect). You may also contact your broker, dealer, commercial\nbank, trust company or other nominee for assistance concerning the Tender\nOffers and Consent Solicitations.\n\nHolders are advised to check with any bank, securities broker or other\nintermediary through which they hold Notes as to when such intermediary would\nneed to receive instructions from a beneficial owner in order for that Holder\nto be able to participate in, or (in the circumstances in which revocation is\npermitted) revoke their instruction to participate in, the Tender Offers and\nConsent Solicitations before the deadlines specified herein and in the Offer\nDocuments. The deadlines set by any such intermediary and DTC for the\nsubmission and withdrawal of tender instructions may be earlier than the\nrelevant deadlines specified herein and in the Offer Documents.\n\nThis announcement is for informational purposes only. This announcement is not\nan offer to purchase or a solicitation of an offer to purchase any Notes. The\nTender Offers and Consent Solicitations have been made solely pursuant to the\nOffer Documents and related documents. The Tender Offers and Consent\nSolicitations are not being made to Holders of Notes in any jurisdiction in\nwhich the making or acceptance thereof would not be in compliance with the\nsecurities, blue sky or other laws of such jurisdiction. In any jurisdiction\nin which the securities laws or blue sky laws require the Tender Offers and\nConsent Solicitations to be made by a licensed broker or dealer, the Tender\nOffers and Consent Solicitations will be deemed to be made on behalf of\nVerizon by the dealer managers or one or more registered brokers or dealers\nthat are licensed under the laws of such jurisdiction.\n\nThis communication and any other documents or materials relating to the Tender\nOffers and Consent Solicitations have not been approved by an authorized\nperson for the purposes of Section 21 of the Financial Services and Markets\nAct 2000, as amended (the “FSMA”). Accordingly, this announcement is not\nbeing distributed to, and must not be passed on to, persons within the United\nKingdom save in circumstances where section 21(1) of the FSMA does not apply.\nAccordingly, this communication is only addressed to and directed at (i)\npersons who are outside the United Kingdom, or (ii) 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 (iii) within Article 43 of the Financial\nPromotion Order, or (iv) high net worth companies and other persons to whom it\nmay lawfully be communicated falling within Article 49(2)(a) to (d) of the\nFinancial Promotion Order (such persons together being “relevant\npersons”). Any person who is not a relevant person should not act or rely on\nany document or material relating to the Tender Offers and Consent\nSolicitations or any of their contents.\n\nThis communication and any other documents or materials relating to the Tender\nOffers and Consent Solicitations are only addressed to and directed at persons\nin member states of the European Economic Area (the “EEA”), who are\n“Qualified Investors” within the meaning of Article 2(1)(e) of Regulation\n(EU) 2017/1129. The Tender Offers and Consent Solicitations are only available\nto Qualified Investors. None of the information in any document or material\nrelating to the Tender Offers and Consent Solicitations should be acted upon\nor relied upon in any member state of the EEA by persons who are not Qualified\nInvestors.\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 Tender 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 Offer to\nPurchase and Consent Solicitation Statement under the heading “Risk\nFactors” and under similar headings in other documents that are incorporated\nby reference in the Offer to Purchase and Consent Solicitation Statement.\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=tReMWAsdmkaDHRO4NioGa8y0tY8PXKC46VwlIEXyhuSQnG-wuEI23Xd_Jk_VU9qjJzv3H_r6luIaGN5y5Smg6Ub724H2Fg54oq6VV9GsWanp6H5aKNnLiB3uA-TXtBR6E1cLJabS9FUuyqzQ2QA205ZcIG1PqA77zq3YdnHZSNh648Ifo4meExQiKCGz39ll).\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":"2026-06-17T11:47:58.215736458Z","server_sent_at_ms":1781696878215},"received_at":"2026-06-17T11:47:58.402Z","source_url":"https://www.globenewswire.com/news-release/2026/06/17/3313351/0/en/Verizon-announces-expiration-and-final-results-of-its-tender-offers-and-consent-solicitations-for-20-series-of-Verizon-and-certain-of-its-subsidiaries-notes.html"},"analysis":{"id":"55659","press_release_id":"66243","analysis_json":{"industry":{"label":"Diversified Telecommunication Services","sector":"Communication Services"},"redFlags":[],"eventType":"buyback","narrative":"Verizon announced the expiration and final results of tender offers for 20 series of notes issued by itself and certain subsidiaries.\n\nThe company accepted approximately $1.86 billion in aggregate principal amount, successfully soliciting consents to eliminate restrictive covenants across the affected debt securities.\n\nSeparate exchange offers to exchange old notes for new Verizon notes were also concluded, with settlement scheduled for June 22, 2026.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Verizon completes $1.86B debt tender, removing covenants."},"keyFigures":{"dealValueUsd":1857563000,"customDimensions":{"series_count":20}},"quotedText":"","namedEntities":{"people":[{"name":"Katie Magnotta","role":"Media contact"}],"products":["6.860% Debentures due 2028","6.730% Debentures, Series G due 2028","8.375% Debentures due 2029"],"companies":[{"name":"Verizon Communications Inc.","ticker":"VZ"},{"name":"Goldman Sachs & Co. 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