Verizon Communications stock: USD 663.976 million debt tender set to settle

Published on 11/09/2026 at 14:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Verizon Communications stock enters the scheduled settlement of four accepted note series. Holders will receive cash consideration plus accrued interest.

Debt tender results and settlement

Verizon accepted notes from four of five series after raising its tender caps.
The 2040 note series received no allocation, while two other series were prorated.
Accepted holders are scheduled to receive cash consideration and accrued interest on November 9.

Verizon Communications, US92343V1044, Illustration mit AI erstellt.

Verizon Communications announced on November 5 that it had completed the results phase of five cash tender offers for outstanding notes. The company accepted USD 663.976 million in aggregate principal after increasing the applicable tender caps, according to the Verizon release.

The announcement followed the expiration of the offers at 5:00 p.m. New York City time on November 4. Verizon increased the Sub Cap from USD 155 million to an amount sufficient to accept all validly tendered notes at priority level 1 and approximately USD 65 million at priority level 2. It also raised the Waterfall Cap from USD 500 million to USD 500.039 million.

Four note series accepted

Verizon accepted USD 265.829 million of its 3.000% notes due in 2060 and USD 64.993 million of its 3.700% notes due in 2061. The latter series was accepted at an approximate proration factor of 11.75%, reflecting tenders above the amount available under the revised cap.

The company also accepted the full USD 207.561 million tendered in its 2.100% notes due in 2028. For the 3.150% notes due in 2030, Verizon accepted USD 125.593 million, equal to an approximate 33.33% proration factor. No notes from the 2.650% series due in 2040 were accepted, despite USD 891.492 million being tendered.

Settlement is scheduled for Monday, November 9, 2026. Holders whose notes were accepted are to receive the applicable cash consideration based on the pricing terms announced by Verizon, plus accrued and unpaid interest through, but excluding, the settlement date. The stated consideration ranges from USD 532.28 to USD 964.92 per USD 1,000 principal amount, depending on the note series.

Market context for investors

The transaction is a liability-management action focused on selected outstanding debt. The acceptance priorities and proration rates determine which holders participate and how much principal is repurchased; the release does not announce a change to Verizon's operating outlook.

Verizon stock traded at 40.95 euros on Lang & Schwarz at 14:40 CET on Monday, November 9, 2026.

Investors can follow the real-time quote of Verizon Communications stock for the latest market indication.

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