NEW YORK, May 11, 2026 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (“Verizon”) (NYSE, Nasdaq: VZ) today announced the commencement of 20 separate offers, for its own account and on behalf of certain of its wholly-owned subsidiaries, to purchase for cash (i) any and all of the debt securities listed in Table 1 below (the “Any and All Notes” and such offers, the “Any and All Tender Offers”) and (ii) up to $1.25 billion aggregate purchase price of the outstanding series of debt securities listed in Table 2 below (the “Waterfall Notes” and, together with the Any and All Notes, the “Notes” and such offers, the “Waterfall Tender Offers” and, together with the Any and All Tender Offers, the “Tender Offers”), on the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated May 11, 2026 (the “Offer to Purchase and Consent Solicitation Statement” and, together with the accompanying letter of transmittal, the “Offer Documents”). Concurrently with the Tender Offers, Verizon, on behalf of certain of its wholly-owned subsidiaries, is soliciting consents (the “Consent Solicitations”) to the proposed amendments (the “Proposed Amendments”) to the indentures governing the Any and All Notes issued by such subsidiaries (the “Existing Indentures”) in order to, among other things, eliminate certain of the restrictive covenants contained therein, on the terms and subject to the conditions set forth in the Offer Documents. If a Holder (as defined below) validly tenders Any and All Notes in a Tender Offer, such Holder will be deemed to deliver its consent, with respect to the principal amount of such tendered Any and All Notes, to the Proposed Amendments. Holders may neither deliver their consents in a particular Consent Solicitation without tendering Any and All Notes in the related Tender Offer, nor may they tender Any and All Notes in a particular Tender Offer without delivering their consents with respect to such Any and All Notes in the related Consent Solicitation. The completion of any Tender Offer with respect to a series of Any and All Notes is not conditioned on the receipt of the requisite consents in the related Consent Solicitation.
