• Verizon launched private exchange offers for 11 series of subsidiary-issued debt securities, offering newly issued Verizon notes with matching coupons and maturities in return.
• Eligible holders who tender by June 1 receive total consideration of $1,000 principal amount of new notes per $1,000 principal amount tendered, including a $50 early participation payment, plus a $1 cash consent payment per $1,000.
• Tenders between June 1 and June 16 receive new notes consideration reduced by $50 per $1,000, with no cash consent payment.
• Transaction also seeks consents to amend indentures for old securities to remove certain restrictive covenants; settlement expected June 22.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Verizon Communications Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605110825PRIMZONEFULLFEED9717382) on May 11, 2026, and is solely responsible for the information contained therein.