Verizon Communications Inc. on Oct. 24 commenced 11 separate offers to purchase for cash certain outstanding series of notes.
The tender offers are for 4.672% notes due 2055, 5.012% notes due 2054, 5.012% notes due 2049, 5.500% notes due 2047, 4.862% notes due 2046, 4.522% notes due 2048, 6.550% notes due 2043, 4.125% notes due 2046, 4.750% notes due 2041, 3.850% notes due 2042 and 4.812% notes due 2039.
The offers will each expire at 5 p.m. ET on Oct. 31 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 to act as lead dealer managers for the offers and BofA Securities Inc., Loop Capital Markets LLC, Wells Fargo Securities LLC, Academy Securities Inc., R. Seelaus & Co. LLC and The Williams Capital Group LP to act as co-dealer managers for the offers.
Global Bondholder Services Corp. will act as the tender agent and the information agent for the offers.
The U.S. carrier also recently commenced 20 separate offers to purchase for cash up to $500 million of the outstanding series of notes.