trending Market Intelligence /marketintelligence/en/news-insights/trending/p1b9xdrjnyszscldjay5sg2 content esgSubNav
In This List

Verizon commences tender offers for 13 series of notes

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Using ESG Analysis to Support a Sustainable Future

Podcast

Next in Tech | Episode 48: The everything that is Industrial IoT


Verizon commences tender offers for 13 series of notes

Verizon Communications Inc. started 13 separate offers to purchase for cash up to $3 billion of the outstanding series of notes.

The offers will each expire at 11:59 p.m. ET on March 30, unless extended or earlier terminated, the company said March 5. To be eligible to receive the total consideration, which includes the early participation payment, holders of notes must validly tender their notes at or before 5 p.m. ET on March 16, unless extended or earlier terminated.

Notes may be validly withdrawn at any time at or before 5 p.m. ET on March 16. Group one comprises 2.946% notes due 2022, 4.600% notes due 2021, 3.500% notes due 2021, 3.450% notes due 2021, 3.125% notes due 2022, 3.000% notes due 2021, 2.450% notes due 2022, 1.750% notes due 2021 and floating rate notes due 2022.

Group two comprises 4.672% notes due 2055, 4.522% notes due 2048, 5.012% notes due 2054 and 5.012% notes due 2049.

Verizon has retained Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC to act as lead dealer managers for the offers, and Credit Suisse Securities (USA) LLC, Loop Capital Markets LLC, Mizuho Securities USA LLC, CastleOak Securities LP, Samuel A. Ramirez & Co. Inc., Siebert Cisneros Shank & 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 information agent and the information agent for the offers.