Verizon Communications Inc. (Verizon) announced the completion of its private exchange offers for 10 series of notes on August 20, 2024. The exchange offers allowed holders of the specified outstanding notes (Old Notes) to exchange them for newly issued notes due 2035 (New Notes). The exchange was conducted according to the terms set in the offering memorandum dated July 22, 2024, and subsequent press releases detailing amendments, early results, and pricing of the exchange offers. The exchange offers, which were not subject to proration, concluded with the expiration at 5:00 p.m. New York City time on August 19, 2024. All conditions were satisfied or waived by Verizon, and the aggregate principal amount of New Notes issued did not exceed the predetermined cap. Eligible holders will receive the Total...Show More

Verizon Communications Inc. (Verizon) announced the completion of its private exchange offers for 10 series of notes on August 20, 2024. The exchange offers allowed holders of the specified outstanding notes (Old Notes) to exchange them for newly issued notes due 2035 (New Notes). The exchange was conducted according to the terms set in the offering memorandum dated July 22, 2024, and subsequent press releases detailing amendments, early results, and pricing of the exchange offers. The exchange offers, which were not subject to proration, concluded with the expiration at 5:00 p.m. New York City time on August 19, 2024. All conditions were satisfied or waived by Verizon, and the aggregate principal amount of New Notes issued did not exceed the predetermined cap. Eligible holders will receive the Total Exchange Price plus an Accrued Coupon Payment, reduced by any interest accrued on the New Notes from the Early Settlement Date. The Final Settlement Date for the exchange is set for August 21, 2024. The New Notes, which will mature on February 15, 2035, have not been registered under the Securities Act of 1933 and are subject to a registration rights agreement dated August 9, 2024. Global Bondholder Services Corporation acted as the Exchange Agent and Information Agent for the offers.