Verizon stock follows $663.976 million debt tender settlement

Published on 11/11/2026 at 14:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Verizon stock remains tied to a completed USD 663.976 million debt tender across four note series. Accepted holders received cash and accrued interest.

Debt Tender Reaches Settlement

Verizon accepted USD 663.976 million of principal across four note series after raising its tender caps.
The 2061 and 2030 notes were prorated, while the 2040 series received no allocation despite USD 891.492 million in tenders.
Accepted holders received the applicable cash consideration plus accrued and unpaid interest through the November 9 settlement date.

Verizon Communications, US92343V1044, Illustration mit AI erstellt.

Verizon Communications completed the settlement of a five-series cash tender offer on Monday, November 9, 2026, closing a balance-sheet transaction that covered USD 663.976 million of accepted note principal. The company announced the tender results on November 5, while Cleary Gottlieb said the offers settled on November 9.

According to Verizon, the company raised its Waterfall Cap from USD 500 million to USD 500.039 million and increased the Sub Cap to make additional purchases possible. All offer conditions were satisfied or waived as of the November 4 expiration date.

Four Note Series Accepted

Verizon accepted USD 265.829 million of its 3.000% notes due in 2060 and USD 207.561 million of its 2.100% notes due in 2028 in full. The company also accepted USD 64.993 million of its 3.700% notes due in 2061, representing an 11.75% proration factor, and USD 125.593 million of its 3.150% notes due in 2030, with a 33.33% proration factor.

No notes from the 2.650% series due in 2040 were accepted, despite USD 891.492 million being tendered. The result reflected the waterfall structure and revised caps rather than a uniform acceptance of all securities offered by holders.

The consideration ranged from USD 532.28 to USD 964.92 per USD 1,000 principal amount, depending on the note series. Verizon said the payments also included accrued and unpaid interest through, but not including, the settlement date. Cleary Gottlieb, which represented Verizon in the offers, described the transaction as a capped waterfall structure involving five U.S. dollar-denominated fixed-rate note series.

Investor Context

The completed tender reduces outstanding debt in the four accepted series, although the accepted principal amount is not the same as the cash consideration paid. The prorated allocations show that demand exceeded the available purchase amount for the 2061 and 2030 notes, while the 2040 series remained outside the final allocation.

Verizon stock traded at 41.28 euros on Lang & Schwarz at 14:36 CET on Wednesday, November 11, 2026.