(CTN News) – Announcing today that Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) will commence five separate offers to purchase the outstanding debt securities listed in the table below (collectively, the “Notes”) up to an aggregate principal amount of €1.5 billion, Verizon announced today.
Throughout this document, each offer to purchase a series of debt securities for cash is referred to as an “Offer” and collectively as “Offers.”
We are making the Offers in accordance with the terms and conditions set forth in the Offer to Purchase dated February 14, 2024 (the “Offer to Purchase”).
Verizon offers to purchase the following outstanding debt securities for the consideration described below in accordance with the terms and conditions set forth in the Offer to Purchase:
Each of the Offers will expire at 4:00 p.m. (London time) on March 14, 2024, unless it is extended or terminated earlier by Verizon (such date and time for an Offer will be considered the “Expiration Date”, as such date and time may be extended for such Offer).
Until 4:00 p.m. on May 15, 2018, holders of Notes (each referred to as a “Holder,” collectively “Holders”) must tender their Notes validly, and not withdraw their Notes validly, in order to qualify for the Total Consideration.
(London time) on February 28, 2024, unless extended or terminated earlier (in which case, the “Early Participation Date” will be the same date and time as the date and time on which the Offer may be extended or terminated earlier).
The total consideration is augmented by an Early Participation Payment, which is equal to €50 per a principal amount of €1,000 of each series of Notes, that have been validly tendered and accepted for purchase prior to the Early Participation Date, in addition to the Total Consideration.
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