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Verizon announces tender offers for 20 series of notes

Verizon Communications Inc. commenced 20 separate offers to purchase for cash up to $500 million of the outstanding series of notes.

The tender offers are for 8.950% notes due 2039; 8.750% debentures due 2021; 8.000% debentures due 2022; 7.875% debentures due 2032; 7.875% debentures due 2029; 7.875% notes due 2032; 7.750% notes due 2032; 7.375% debentures due 2032; 7.350% notes due 2039; 6.940% debentures due 2028; 6.900% notes due 2038; 6.800% debentures due 2029; 6.800% notes due 2029; 6.400% notes due 2038; 6.400% notes due 2033; 6.250% notes due 2037; 6.000% notes due 2041; 5.850% notes due 2035; 5.125% debentures due 2033; and 5.050% notes due 2034.

The offers will each expire at 11:59 p.m. ET on Nov. 21 unless extended or earlier terminated.

Verizon retained Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC as lead dealer managers for the offers. BofA Securities Inc., Loop Capital Markets LLC, Wells Fargo Securities LLC, Academy Securities Inc., R. Seelaus & Co. LLC and The Williams Capital Group LP were co-dealer managers for the offers.