Verizon stock sets $663.976 million note settlement
Published on 11/10/2026 at 14:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSDebt tender terms take shape
- Verizon accepted notes from four of five series after raising its tender caps.
- The 2040 note series received no allocation, while the 2061 and 2030 series were prorated.
- Accepted holders were due cash consideration plus accrued and unpaid interest through the settlement date.
Verizon Communications set the terms for a cash settlement covering four accepted note series after the company increased its tender caps. The settlement date was November 9, 2026, according to Verizon.
In its November 5 announcement, Verizon said it had accepted notes with an aggregate principal amount of 663.976 million US dollars. The company had increased the Sub Cap from 155 million US dollars and lifted the Waterfall Cap from 500 million to 500.039 million US dollars. Verizon said all conditions to the offers were satisfied or waived as of the November 4 expiration date.
Four note series accepted
The accepted securities included 265.829 million US dollars of 3.000 percent notes due in 2060 and 207.561 million US dollars of 2.100 percent notes due in 2028. Both amounts were accepted in full.
Verizon accepted 64.993 million US dollars of its 3.700 percent notes due in 2061, representing an approximate proration factor of 11.75 percent. It also accepted 125.593 million US dollars of its 3.150 percent notes due in 2030, with an approximate proration factor of 33.33 percent.
No notes from the 2.650 percent series due in 2040 were accepted, despite tenders of 891.492 million US dollars. The outcome shows how the priority structure and revised caps determined which holders could sell notes back to Verizon.
Cash payments and investor context
Holders whose notes were accepted were scheduled to receive the applicable cash consideration based on Verizon's previously announced pricing terms. The company also said they would receive accrued and unpaid interest through, but not including, the settlement date. Consideration ranged from 532.28 to 964.92 US dollars per 1,000 US dollars of principal, depending on the series.
For investors in Verizon stock, the transaction provides a defined framework for the company's purchase of selected outstanding debt, but the release does not set out a broader change to operating guidance or shareholder distributions. The tender results therefore primarily affect the company's financing profile and the holders of the affected notes.
Verizon Communications stock traded at 41.36 euros on Lang & Schwarz at 14:32 CET on Tuesday, November 10, 2026.
Verizon Communications at a glance
- Company: Verizon Communications Inc.
- ISIN: US92343V1044
- Primary listings: NYSE and Nasdaq
- Lang & Schwarz quote: 41.36 euros at 14:32 CET on Tuesday, November 10, 2026
- Debt tender: 663.976 million US dollars of principal accepted across four series
The broader market backdrop for Verizon stock is reflected in the S&P 500.
