The company said in a press release dated July 30, 2024 that it amended the terms of its existing Exchange Offers, which exchange 10 outstanding series of notes (Old Notes) described in the Offering Memorandum dated July 22, 2024 for new Verizon notes (New Notes).

8-KOther EventsFiled Jul 31, 2024Period of report Jul 30, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

The company said in a press release dated July 30, 2024 that it amended the terms of its existing Exchange Offers, which exchange 10 outstanding series of notes (Old Notes) described in the Offering Memorandum dated July 22, 2024 for new Verizon notes (New Notes).
The company said it increased the spread used to set the annual interest rate on the New Notes from 100 basis points to 107 basis points over the yield of the 4.375% U.S. Treasury Security due May 15, 2034 (Reference Security).
The company said all other terms of the Exchange Offers, including the Early Participation Payment and the Early Participation Date, remain unchanged, and the Early Participation Date remains 5 p.m. (New York City time) on August 2, 2024.
The company said the Exchange Offers are being made solely pursuant to the Offering Memorandum and related documents, and are directed only at relevant persons in the United Kingdom and at Qualified Investors in the EEA.

Summary

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Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Verizon Announces Amendment to Exchange Offer Terms

The company said in a press release dated July 30, 2024 that it amended the terms of its existing Exchange Offers, which exchange 10 outstanding series of notes (Old Notes) described in the Offering Memorandum dated July 22, 2024 for new Verizon notes (New Notes).

Source · Based on the filing body and exhibits

Spread for New Notes Interest Rate Raised

The company said it increased the spread used to set the annual interest rate on the New Notes from 100 basis points to 107 basis points over the yield of the 4.375% U.S. Treasury Security due May 15, 2034 (Reference Security).

Source · Based on the filing body and exhibits

Early Participation Date Unchanged

The company said all other terms of the Exchange Offers, including the Early Participation Payment and the Early Participation Date, remain unchanged, and the Early Participation Date remains 5 p.m. (New York City time) on August 2, 2024.

Source · Based on the filing body and exhibits

Exchange Offer Eligibility and Restrictions

The company said the Exchange Offers are being made solely pursuant to the Offering Memorandum and related documents, and are directed only at relevant persons in the United Kingdom and at Qualified Investors in the EEA.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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