AI English summary of an SEC filing — figures as filed
Verizon VZVerizon said the Exchange Offers for 10 series of Old Notes, which exchange the Old Notes for newly issued 5.401% Notes due 2037 (the New Notes), expired at 5 p.m. Eastern time on June 18, 2025. The settlement date is expected to be June 25.
Key points
AI summaryVerizon said the Exchange Offers for 10 series of Old Notes, which exchange the Old Notes for newly issued 5.401% Notes due 2037 (the New Notes), expired at 5 p.m. Eastern time on June 18, 2025. The settlement date is expected to be June 25.
Verizon said the maximum aggregate principal amount of New Notes it will issue in the Exchange Offers is $2.5 billion, and that it may, to the extent permitted by law, waive or increase this cap at its discretion. Among Old Notes tendered for exchange by the expiration date, the 4.329% Notes due 2028 had the largest amount, at $722,436,000.
Verizon said the cash tender offers (Cash Offers) for 10 series of Old Notes expired at 5 p.m. Eastern time on June 18. Preliminary results showed $174,419,000 tendered for the 4.125% Notes due 2027 and $255,691,000 tendered for the 2.100% Notes due 2028.
The company said it is reviewing the documentation submitted for the Cash Offers to confirm the validity of tenders, and that it will announce the final principal amount of each series exchanged or purchased no later than 9 a.m. Eastern time on June 23, 2025. The company also said it will receive no cash proceeds from the Exchange Offers and that the New Notes will not be registered under the Securities Act.
Summary
AI-writtenAnalysis 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.
Expiration of Exchange Offers for 10 Note Series and Plans to Issue New Notes
Verizon said the Exchange Offers for 10 series of Old Notes, which exchange the Old Notes for newly issued 5.401% Notes due 2037 (the New Notes), expired at 5 p.m. Eastern time on June 18, 2025. The settlement date is expected to be June 25.
Source · Based on the filing body and exhibits
Maximum New Notes Issuance and Tendered Amounts in the Exchange Offers
Verizon said the maximum aggregate principal amount of New Notes it will issue in the Exchange Offers is $2.5 billion, and that it may, to the extent permitted by law, waive or increase this cap at its discretion. Among Old Notes tendered for exchange by the expiration date, the 4.329% Notes due 2028 had the largest amount, at $722,436,000.
Source · Based on the filing body and exhibits
Cash Offers Expire With Preliminary Tender Results
Verizon said the cash tender offers (Cash Offers) for 10 series of Old Notes expired at 5 p.m. Eastern time on June 18. Preliminary results showed $174,419,000 tendered for the 4.125% Notes due 2027 and $255,691,000 tendered for the 2.100% Notes due 2028.
Source · Based on the filing body and exhibits
Final Amount Announcement Timing and New Notes Terms
The company said it is reviewing the documentation submitted for the Cash Offers to confirm the validity of tenders, and that it will announce the final principal amount of each series exchanged or purchased no later than 9 a.m. Eastern time on June 23, 2025. The company also said it will receive no cash proceeds from the Exchange Offers and that the New Notes will not be registered under the Securities Act.
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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