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Form 8-K · Current Report · Filed 2024-08-05

Verizon Announces Early Results and Extension of Private Exchange Offers for Notes

Verizon Communications Inc. announced the early results of its private exchange offers for 10 series of notes due from 2025 through 2028. The exchange offers, which allow holders to exchange their old notes for newly issued notes due 2035, have seen varying levels of participation as of the original early participation date on August 2, 2024. Verizon has also extended the early participation date to August 19, 2024, providing more time for eligible holders to tender their notes. The settlement for notes tendered by the original early participation date is expected on August 9, 2024. The new notes issued will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption.

Filer
Verizon Communications Inc. VZ · NYSE
Filed
Accession
0001193125-24-193907
CIK
0000732712
Signal
Medium impactCommunication Services

Items reported

Item 8.01

Other Events

Convertible Notes Offering
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$40.97

Next session

-1.7%

Since filing

+14.3%

Latest close

$46.81

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from VZ reporting the same item, with the next session's move:

Exhibits (2)

About Verizon Communications Inc.

Verizon Communications Inc. is a leading telecommunications company that provides a wide array of communication services and products in the United States and globally. As a major player in the telecommunication industry, Verizon's primary function is to deliver wireless communications, broadband, and fiber optic services, aiming to keep people connected across various platforms. The company’s notable features include its extensive 5G and fiber optic network infrastructure, which significantly impacts sectors like technology, media, and consumer communications. It offers services to individual consumers, businesses, and government entities through various channels, including its retail stores and online platforms. Headquartered in New York City, Verizon is crucial in driving innovation in communication technologies and maintaining robust network solutions to meet growing data demands. Its influence extends beyond traditional telecommunication, also impacting emerging fields such as Internet of Things (IoT) and smart cities, helping to shape the future of connectivity.

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