Verizon Communications Reports Progress on Tender Offers

MT Newswires Live11-22 21:45

Verizon Communications (VZ) said Friday it has tendered 38.1% or $490.9 million of the $1.29 billion in 3.376% notes due 2025, effective Thursday.

It said it also tendered $373.0 million, or 42.7% of $873.9 million of floating rate notes due 2025, and $252.8 million, or 51.3%, of $493.1 million floating rate notes due 2026.

Additionally, it has tendered 48.63%, or $804.0 million of $1.65 billion in 1.450% notes due 2026, 44.0%, or $542.1 million, of $1.23 billion of 0.850% notes due 2025, and 43.4%, or $771.8 million, of $1.78 billion in 2.625% notes due 2026.

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