Verizon Communications Inc. on Aug. 14 reported an increase in the waterfall cap in, early participation results of, and election of early settlement for its tender offers for 29 series of notes of Verizon and certain of its subsidiaries.

The company announced the early participation results, as of 5 p.m. ET on Aug. 11, of its previously announced 29 separate offers, for its own account and on behalf of certain of its wholly owned subsidiaries, to purchase for cash the outstanding series of notes. Verizon also announced the early participation results of, and election of early settlement for, its separate, previously announced tender and exchange offers, for its own account and on behalf of its wholly owned subsidiary, GTE LLC, to purchase 17 other series of their outstanding notes.

The withdrawal rights for each offer expired Aug. 11. The offers are scheduled to expire Aug. 25, unless extended or earlier terminated.

Verizon has retained Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC and Wells Fargo Securities, LLC to act as lead dealer managers for the offers and Loop Capital Markets LLC, Santander Investment Securities Inc., CastleOak Securities LP and The Williams Capital Group LP to act as co-dealer managers for the offers. Global Bondholder Services Corp. is acting as the information agent and the tender agent for the offers.