{"id":960704,"date":"2026-05-11T08:52:28","date_gmt":"2026-05-11T12:52:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/verizon-announces-tender-offers-and-consent-solicitations-for-20-series-of-verizon-and-certain-of-its-subsidiaries-notes\/"},"modified":"2026-05-11T08:52:28","modified_gmt":"2026-05-11T12:52:28","slug":"verizon-announces-tender-offers-and-consent-solicitations-for-20-series-of-verizon-and-certain-of-its-subsidiaries-notes","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/verizon-announces-tender-offers-and-consent-solicitations-for-20-series-of-verizon-and-certain-of-its-subsidiaries-notes\/","title":{"rendered":"Verizon announces tender offers and consent solicitations for 20 series of Verizon and certain of its subsidiaries\u2019 notes"},"content":{"rendered":"
\n

NEW YORK, May 11, 2026 (GLOBE NEWSWIRE) — Verizon Communications Inc. (\u201cVerizon\u201d) (NYSE, Nasdaq: VZ) today announced the commencement of 20 separate offers, for its own account and on behalf of certain of its wholly-owned subsidiaries, to purchase for cash (i) any and all of the debt securities listed in Table 1 below (the \u201cAny and All Notes\u201d and such offers, the \u201cAny and All Tender Offers\u201d) and (ii) up to $1.25 billion aggregate purchase price of the outstanding series of debt securities listed in Table 2 below (the \u201cWaterfall Notes\u201d and, together with the Any and All Notes, the \u201cNotes\u201d and such offers, the \u201cWaterfall Tender Offers\u201d and, together with the Any and All Tender Offers, the \u201cTender Offers\u201d), on the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated May 11, 2026 (the \u201cOffer to Purchase and Consent Solicitation Statement\u201d and, together with the accompanying letter of transmittal, the \u201cOffer Documents\u201d). Concurrently with the Tender Offers, Verizon, on behalf of certain of its wholly-owned subsidiaries, is soliciting consents (the \u201cConsent Solicitations\u201d) to the proposed amendments (the \u201cProposed Amendments\u201d) to the indentures governing the Any and All Notes issued by such subsidiaries (the \u201cExisting Indentures\u201d) in order to, among other things, eliminate certain of the restrictive covenants contained therein, on the terms and subject to the conditions set forth in the Offer Documents. If a Holder (as defined below) validly tenders Any and All Notes in a Tender Offer, such Holder will be deemed to deliver its consent, with respect to the principal amount of such tendered Any and All Notes, to the Proposed Amendments. Holders may neither deliver their consents in a particular Consent Solicitation without tendering Any and All Notes in the related Tender Offer, nor may they tender Any and All Notes in a particular Tender Offer without delivering their consents with respect to such Any and All Notes in the related Consent Solicitation. The completion of any Tender Offer with respect to a series of Any and All Notes is not conditioned on the receipt of the requisite consents in the related Consent Solicitation.<\/p>\n

Verizon is offering to accept for purchase any and all aggregate principal amount of validly tendered Any and All Notes. Verizon is offering to accept for purchase validly tendered Waterfall Notes using a \u201cwaterfall\u201d methodology under which Waterfall Notes will be accepted in the order of their Acceptance Priority Levels listed below, subject to the Waterfall Cap (as defined below). The Waterfall Tender Offers are subject to the terms and conditions described in the Offer to Purchase and Consent Solicitation Statement, including (i) the Acceptance Priority Procedures (as described below) and (ii) a $1.25 billion cap (the \u201cWaterfall Cap\u201d) on the total cash Verizon pays to purchase Notes validly tendered under the Waterfall Tender Offers (excluding the applicable Accrued Coupon Payments).<\/p>\n

On the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement, Verizon is offering to purchase the following outstanding securities for the consideration described below. Terms not otherwise defined are defined in the Offer to Purchase and Consent Solicitation Statement.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Table 1
Any and All of the Outstanding Any and All Notes and related Consent Solicitations Listed Below:
<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n CUSIP
<\/strong>
\n Number<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n Issuer<\/strong>
\n
\n (1)<\/strong>
\n <\/sup>\n <\/td>\n		\u00a0<\/td>\n\n Title of Security<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Maturity Date<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Principal
<\/strong>
\n Amount
<\/strong>
\n Outstanding<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n Early
Participation
Payment<\/strong>
\n
\n (2)<\/strong>
\n <\/sup>\n <\/td>\n		\u00a0<\/td>\n\n Reference
U.S.
Treasury
Security<\/strong>
\n
\n (3)<\/strong>
\n <\/sup>\n <\/td>\n		\u00a0<\/td>\n\n Bloomberg
Reference
Page<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n Fixed\u00a0
Spread
(Basis
Points)<\/strong>
\n
\n (3)<\/strong>
\n <\/sup>\n <\/td>\n		\u00a0<\/td>\n\n Hypothetical\u00a0
Total
Consideration<\/strong>
\n
\n (4)<\/strong>
\n <\/sup>\n <\/td>\n<\/tr>\n
362333AH9<\/td>\n\u00a0<\/td>\nFrontier Florida LLC<\/td>\n\u00a0<\/td>\n6.860% Debentures due 2028<\/td>\n\u00a0<\/td>\n2\/1\/2028<\/td>\n\u00a0<\/td>\n$282,289,000<\/td>\n\u00a0<\/td>\n$50<\/td>\n\u00a0<\/td>\n3.750% due 4\/30\/2028<\/td>\n\u00a0<\/td>\nFIT1<\/td>\n\u00a0<\/td>\n15<\/td>\n\u00a0<\/td>\n$1,043.29<\/td>\n<\/tr>\n
362337AK3<\/td>\n\u00a0<\/td>\nFrontier North Inc.<\/td>\n\u00a0<\/td>\n6.730% Debentures, Series G due 2028<\/td>\n\u00a0<\/td>\n2\/15\/2028<\/td>\n\u00a0<\/td>\n$200,000,000<\/td>\n\u00a0<\/td>\n$50<\/td>\n\u00a0<\/td>\n3.750% due 4\/30\/2028<\/td>\n\u00a0<\/td>\nFIT1<\/td>\n\u00a0<\/td>\n15<\/td>\n\u00a0<\/td>\n$1,042.24<\/td>\n<\/tr>\n
020039AJ2<\/td>\n\u00a0<\/td>\nAlltel Corporation<\/td>\n\u00a0<\/td>\n6.800% Debentures due 2029<\/td>\n\u00a0<\/td>\n5\/1\/2029<\/td>\n\u00a0<\/td>\n$38,098,000<\/td>\n\u00a0<\/td>\n$50<\/td>\n\u00a0<\/td>\n3.875% due 4\/15\/2029<\/td>\n\u00a0<\/td>\nFIT1<\/td>\n\u00a0<\/td>\n20<\/td>\n\u00a0<\/td>\n$1,071.42<\/td>\n<\/tr>\n
165087AL1<\/td>\n\u00a0<\/td>\nVerizon Virginia LLC<\/td>\n\u00a0<\/td>\n8.375% Debentures due 2029<\/td>\n\u00a0<\/td>\n10\/1\/2029<\/td>\n\u00a0<\/td>\n$8,993,000<\/td>\n\u00a0<\/td>\n$50<\/td>\n\u00a0<\/td>\n3.875% due 4\/15\/2029<\/td>\n\u00a0<\/td>\nFIT1<\/td>\n\u00a0<\/td>\n25<\/td>\n\u00a0<\/td>\n$1,127.28<\/td>\n<\/tr>\n
165069AP0<\/td>\n\u00a0<\/td>\nVerizon Maryland LLC<\/td>\n\u00a0<\/td>\n8.000% Debentures due 2029*<\/td>\n\u00a0<\/td>\n10\/15\/2029<\/td>\n\u00a0<\/td>\n$19,981,000<\/td>\n\u00a0<\/td>\n$50<\/td>\n\u00a0<\/td>\n3.875% due 4\/15\/2029<\/td>\n\u00a0<\/td>\nFIT1<\/td>\n\u00a0<\/td>\n25<\/td>\n\u00a0<\/td>\n$1,117.21<\/td>\n<\/tr>\n
645767AW4<\/td>\n\u00a0<\/td>\nVerizon New Jersey Inc.<\/td>\n\u00a0<\/td>\n7.850% Debentures due 2029<\/td>\n\u00a0<\/td>\n11\/15\/2029<\/td>\n\u00a0<\/td>\n$44,704,000<\/td>\n\u00a0<\/td>\n$50<\/td>\n\u00a0<\/td>\n3.875% due 4\/15\/2029<\/td>\n\u00a0<\/td>\nFIT1<\/td>\n\u00a0<\/td>\n25<\/td>\n\u00a0<\/td>\n$1,115.28<\/td>\n<\/tr>\n
644239AY1<\/td>\n\u00a0<\/td>\nVerizon New England Inc.<\/td>\n\u00a0<\/td>\n7.875% Debentures due 2029*<\/td>\n\u00a0<\/td>\n11\/15\/2029<\/td>\n\u00a0<\/td>\n$133,077,000<\/td>\n\u00a0<\/td>\n$50<\/td>\n\u00a0<\/td>\n3.875% due 4\/15\/2029<\/td>\n\u00a0<\/td>\nFIT1<\/td>\n\u00a0<\/td>\n25<\/td>\n\u00a0<\/td>\n$1,116.07<\/td>\n<\/tr>\n
165069AQ8<\/td>\n\u00a0<\/td>\nVerizon Maryland LLC<\/td>\n\u00a0<\/td>\n8.300% Debentures due 2031<\/td>\n\u00a0<\/td>\n8\/1\/2031<\/td>\n\u00a0<\/td>\n$21,111,000<\/td>\n\u00a0<\/td>\n$50<\/td>\n\u00a0<\/td>\n3.875% due 4\/30\/2031<\/td>\n\u00a0<\/td>\nFIT1<\/td>\n\u00a0<\/td>\n45<\/td>\n\u00a0<\/td>\n$1,173.32<\/td>\n<\/tr>\n
252759AM7<\/td>\n\u00a0<\/td>\nVerizon Delaware LLC<\/td>\n\u00a0<\/td>\n8.625% Debentures due 2031<\/td>\n\u00a0<\/td>\n10\/15\/2031<\/td>\n\u00a0<\/td>\n$2,381,000<\/td>\n\u00a0<\/td>\n$50<\/td>\n\u00a0<\/td>\n3.875% due 4\/30\/2031<\/td>\n\u00a0<\/td>\nFIT1<\/td>\n\u00a0<\/td>\n50<\/td>\n\u00a0<\/td>\n$1,192.10<\/td>\n<\/tr>\n
020039DC4<\/td>\n\u00a0<\/td>\nAlltel Corporation<\/td>\n\u00a0<\/td>\n7.875% Senior Notes due 2032<\/td>\n\u00a0<\/td>\n7\/1\/2032<\/td>\n\u00a0<\/td>\n$55,847,000<\/td>\n\u00a0<\/td>\n$50<\/td>\n\u00a0<\/td>\n3.875% due 4\/30\/2031<\/td>\n\u00a0<\/td>\nFIT1<\/td>\n\u00a0<\/td>\n60<\/td>\n\u00a0<\/td>\n$1,169.70<\/td>\n<\/tr>\n
92344WAB7<\/td>\n\u00a0<\/td>\nVerizon Maryland LLC<\/td>\n\u00a0<\/td>\n5.125% Debentures due 2033<\/td>\n\u00a0<\/td>\n6\/15\/2033<\/td>\n\u00a0<\/td>\n$139,085,000<\/td>\n\u00a0<\/td>\n$50<\/td>\n\u00a0<\/td>\n4.125% due 2\/15\/2036<\/td>\n\u00a0<\/td>\nFIT1<\/td>\n\u00a0<\/td>\n35<\/td>\n\u00a0<\/td>\n$1,024.08<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Table 2
Up to $1,250,000,000 Aggregate Purchase Price of the Outstanding Waterfall Notes Listed Below in the Priority Listed Below:<\/strong>
\n
\n
\n <\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Acceptance
Priority
Level<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n CUSIP
<\/strong>
\n Number<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n Issuer<\/strong>
\n
\n (1)<\/strong>
\n <\/sup>\n <\/td>\n		\u00a0<\/td>\n\n Title of Security<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Maturity Date<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Principal
<\/strong>
\n Amount
<\/strong>
\n Outstanding<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n Early
Participation
Payment<\/strong>
\n
\n (2)<\/strong>
\n <\/sup>\n <\/td>\n		\u00a0<\/td>\n\n Reference
U.S.
Treasury
Security<\/strong>
\n
\n (3)<\/strong>
\n <\/sup>\n <\/td>\n		\u00a0<\/td>\n\n Bloomberg
Reference
Page<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n Fixed\u00a0
Spread
(Basis
Points)<\/strong>
\n
\n (3)<\/strong>
\n <\/sup>\n <\/td>\n		\u00a0<\/td>\n\n Hypothetical\u00a0
Total
Consideration<\/strong>
\n
\n (4)<\/strong>
\n <\/sup>\n <\/td>\n<\/tr>\n
\u00a01<\/td>\n\u00a0<\/td>\n362311AG7<\/td>\n\u00a0<\/td>\nFrontier California Inc.<\/td>\n\u00a0<\/td>\n6.750% Debentures due 2027<\/td>\n\u00a0<\/td>\n5\/15\/2027<\/td>\n\u00a0<\/td>\n$200,000,000<\/td>\n\u00a0<\/td>\n$50<\/td>\n\u00a0<\/td>\n3.750% due 4\/30\/2028<\/td>\n\u00a0<\/td>\nFIT1<\/td>\n\u00a0<\/td>\n0<\/td>\n\u00a0<\/td>\n$1,024.85<\/td>\n<\/tr>\n
\u00a02<\/td>\n\u00a0<\/td>\n650094CJ2<\/td>\n\u00a0<\/td>\nVerizon New York Inc.<\/td>\n\u00a0<\/td>\n6.500% Debentures due 2028<\/td>\n\u00a0<\/td>\n4\/15\/2028<\/td>\n\u00a0<\/td>\n$34,773,000<\/td>\n\u00a0<\/td>\n$50<\/td>\n\u00a0<\/td>\n3.750% due 4\/30\/2028<\/td>\n\u00a0<\/td>\nFIT1<\/td>\n\u00a0<\/td>\n15<\/td>\n\u00a0<\/td>\n$1,042.38<\/td>\n<\/tr>\n
\u00a03<\/td>\n\u00a0<\/td>\n07786DAA4<\/td>\n\u00a0<\/td>\nVerizon Pennsylvania LLC<\/td>\n\u00a0<\/td>\n6.000% Debentures due 2028<\/td>\n\u00a0<\/td>\n12\/1\/2028<\/td>\n\u00a0<\/td>\n$44,079,000<\/td>\n\u00a0<\/td>\n$50<\/td>\n\u00a0<\/td>\n3.750% due 4\/30\/2028<\/td>\n\u00a0<\/td>\nFIT1<\/td>\n\u00a0<\/td>\n15<\/td>\n\u00a0<\/td>\n$1,044.90<\/td>\n<\/tr>\n
\u00a04<\/td>\n\u00a0<\/td>\n165123AM2<\/td>\n\u00a0<\/td>\nFrontier West Virginia Inc.<\/td>\n\u00a0<\/td>\n8.400% Debentures due 2029*<\/td>\n\u00a0<\/td>\n10\/15\/2029<\/td>\n\u00a0<\/td>\n$50,000,000<\/td>\n\u00a0<\/td>\n$50<\/td>\n\u00a0<\/td>\n3.875% due 4\/15\/2029<\/td>\n\u00a0<\/td>\nFIT1<\/td>\n\u00a0<\/td>\n25<\/td>\n\u00a0<\/td>\n$1,129.47<\/td>\n<\/tr>\n
\u00a05<\/td>\n\u00a0<\/td>\n078167AZ6<\/td>\n\u00a0<\/td>\nVerizon Pennsylvania LLC<\/td>\n\u00a0<\/td>\n8.350% Debentures due 2030<\/td>\n\u00a0<\/td>\n12\/15\/2030<\/td>\n\u00a0<\/td>\n$31,140,000<\/td>\n\u00a0<\/td>\n$50<\/td>\n\u00a0<\/td>\n3.875% due 4\/30\/2031<\/td>\n\u00a0<\/td>\nFIT1<\/td>\n\u00a0<\/td>\n35<\/td>\n\u00a0<\/td>\n$1,160.53<\/td>\n<\/tr>\n
\u00a06<\/td>\n\u00a0<\/td>\n078167BA0<\/td>\n\u00a0<\/td>\nVerizon Pennsylvania LLC<\/td>\n\u00a0<\/td>\n8.750% Debentures due 2031<\/td>\n\u00a0<\/td>\n8\/15\/2031<\/td>\n\u00a0<\/td>\n$34,923,000<\/td>\n\u00a0<\/td>\n$50<\/td>\n\u00a0<\/td>\n3.875% due 4\/30\/2031<\/td>\n\u00a0<\/td>\nFIT1<\/td>\n\u00a0<\/td>\n45<\/td>\n\u00a0<\/td>\n$1,194.97<\/td>\n<\/tr>\n
\u00a07<\/td>\n\u00a0<\/td>\n92344XAB5<\/td>\n\u00a0<\/td>\nVerizon New York Inc.<\/td>\n\u00a0<\/td>\n7.375% Debentures due 2032<\/td>\n\u00a0<\/td>\n4\/1\/2032<\/td>\n\u00a0<\/td>\n$99,437,000<\/td>\n\u00a0<\/td>\n$50<\/td>\n\u00a0<\/td>\n3.875% due 4\/30\/2031<\/td>\n\u00a0<\/td>\nFIT1<\/td>\n\u00a0<\/td>\n60<\/td>\n\u00a0<\/td>\n$1,138.37<\/td>\n<\/tr>\n
\u00a08<\/td>\n\u00a0<\/td>\n362320BA0<\/td>\n\u00a0<\/td>\nVerizon Communications Inc.<\/td>\n\u00a0<\/td>\n6.940% Notes due 2028<\/td>\n\u00a0<\/td>\n4\/15\/2028<\/td>\n\u00a0<\/td>\n$249,838,000<\/td>\n\u00a0<\/td>\n$50<\/td>\n\u00a0<\/td>\n3.750% due 4\/30\/2028<\/td>\n\u00a0<\/td>\nFIT1<\/td>\n\u00a0<\/td>\n15<\/td>\n\u00a0<\/td>\n$1,049.99<\/td>\n<\/tr>\n
\u00a09<\/td>\n\u00a0<\/td>\n92343VGH1<\/td>\n\u00a0<\/td>\nVerizon Communications Inc.<\/td>\n\u00a0<\/td>\n2.100% Notes due 2028<\/td>\n\u00a0<\/td>\n3\/22\/2028<\/td>\n\u00a0<\/td>\n$2,068,135,000<\/td>\n\u00a0<\/td>\n$50<\/td>\n\u00a0<\/td>\n3.750% due 4\/30\/2028<\/td>\n\u00a0<\/td>\nFIT1<\/td>\n\u00a0<\/td>\n15<\/td>\n\u00a0<\/td>\n$967.36<\/td>\n<\/tr>\n<\/table>\n

_______________________<\/p>\n\n\n\n\n\n\n
(1)<\/td>\nSee Annex A of the Offer to Purchase and Consent Solicitation Statement for a list of original issuer names, as applicable.<\/td>\n<\/tr>\n
(2)\u00a0<\/td>\nPayable, as part of the applicable Total Consideration, per each $1,000 principal amount of the specified series of Notes validly tendered at or prior to the applicable Early Participation Date and accepted for purchase (the \u201cEarly Participation Payment\u201d). The total consideration for each $1,000 principal amount of each series of Notes validly tendered at or prior to the applicable Early Participation Date is referred to as the \u201cTotal Consideration\u201d for such series. Holders who validly tender Notes of a series after the applicable Early Participation Date, but at or prior to the applicable Expiration Date, will receive the tender consideration for any such series accepted by us, which is equal to the Total Consideration minus<\/em> the Early Participation Payment (with respect to such series, the \u201cTender Consideration\u201d).<\/td>\n<\/tr>\n
(3)<\/td>\nThe Total Consideration for each series of Notes will be based on the fixed spread for the applicable series of Notes plus the yield of the specified Reference U.S. Treasury Security for that series as of the Price Determination Date (as defined below). See \u201cDescription of the Tender Offers and Consent Solicitations\u2014Determination of Consideration.\u201d The Total Consideration does not include the applicable Accrued Coupon Payment, which will be payable in cash in addition to the applicable Total Consideration. There is no separate consent payment for the Consent Solicitations.<\/td>\n<\/tr>\n
(4)<\/td>\nPer $1,000 principal amount of Notes, assuming that the Reference Yield (as defined in the Offer to Purchase and Consent Solicitation Statement) had been measured at 2:00 p.m., New York City time, on May 8, 2026 and assuming a hypothetical settlement date of June 22, 2026. The hypothetical Total Consideration includes the applicable Early Participation Payment, but excludes the applicable Accrued Coupon Payment.<\/td>\n<\/tr>\n
*\u00a0<\/td>\nDenotes a series of Notes, a portion of which is held in physical certificated form (such portion, the \u201cCertificated Notes\u201d) and is not held through The Depository Trust Company (\u201cDTC\u201d). Such Certificated Notes may only be tendered in accordance with the terms and conditions of the accompanying Letter of Transmittal. With respect to the Certificated Notes, all references to the Offer to Purchase and Consent Solicitation Statement herein shall also include the Letter of Transmittal.<\/td>\n<\/tr>\n<\/table>\n

\n
Verizon today also announced the commencement of separate exchange offers and consent solicitations, on behalf of certain of its wholly-owned subsidiaries, to exchange the Any and All Notes for new notes issued by Verizon, on the terms and subject to the conditions set forth in the Exchange Offer and Consent Solicitation Statement dated May 11, 2026 (the \u201cExchange Offer and Consent Solicitation Statement\u201d). Only holders who have duly completed and returned an eligibility letter certifying that they are either (1) \u201cqualified institutional buyers\u201d as defined in Rule 144A under the Securities Act of 1933, as amended (the \u201cSecurities Act\u201d) or (2) non-\u201cU.S. persons\u201d (as defined in Rule 902 under the Securities Act) located outside of the United States and who are \u201cNon-U.S. qualified offerees\u201d (as defined in the related eligibility letter) are authorized to receive the Exchange Offer and Consent Solicitation Statement and to participate in the exchange offers and consent solicitations thereunder. Consents delivered for a series of Any and All Notes in connection with the Tender Offers will be cumulated with the consents delivered for such series of Any and All Notes in connection with the separate exchange offers. The exchange offers and consent solicitations are separate and distinct from the Tender Offers and Consent Solicitations, and neither the Tender Offers and Consent Solicitations nor the separate exchange offers and consent solicitations are conditioned upon the consummation of such other offer. A Holder will only be able to tender specific Any and All Notes within a series into either the Any and All Tender Offers or the concurrent, separate exchange offer, as the same Any and All Notes cannot be tendered into more than one tender offer at the same time through ATOP.<\/p>\n

The Tender Offers and Consent Solicitations will each expire at 5:00p.m. (New York City time) on June 16, 2026, unless extended or earlier terminated by Verizon (such date and time with respect to a Tender Offer and Consent Solicitation, as the same may be extended with respect to such Tender Offer and Consent Solicitation, the \u201cExpiration Date\u201d). To be eligible to receive the Total Consideration (as defined below), which includes the Early Participation Payment (as defined below), holders of Notes (each, a \u201cHolder,\u201d and collectively, \u201cHolders\u201d) must validly tender their Notes at or prior to 5:00 p.m. (New York City time) on June 1, 2026, unless extended or earlier terminated (such date and time with respect to a Tender Offer and Consent Solicitation, as the same may be extended with respect to such Tender Offer and Consent Solicitation, the \u201cEarly Participation Date\u201d). Holders who validly tender their Notes after the applicable Early Participation Date, but at or prior to the applicable Expiration Date, will be eligible to receive the Tender Consideration (as defined below). All Holders whose Notes (and, with respect to the Any and All Notes only, related consents) are accepted in a Tender Offer and Consent Solicitation, as applicable, will receive a cash payment equal to accrued and unpaid interest on such Notes to, but not including, the Settlement Date (as defined below) (the \u201cAccrued Coupon Payment\u201d) in addition to their Total Consideration or Tender Consideration, as applicable. There is no separate consent payment for the Consent Solicitations.<\/p>\n

Notes may be validly withdrawn and, for purposes of the Any and All Notes, consents to the applicable Proposed Amendments may be validly revoked, at any time at or prior to the earlier of (i) 5:00 p.m. (New York City time) on June 1, 2026, unless extended with respect to any Tender Offer and Consent Solicitation, or (ii) the effectiveness of the supplemental indentures to the corresponding Existing Indentures implementing the applicable Proposed Amendments, but not thereafter.<\/p>\n

Subject to the satisfaction or waiver of the conditions of the Waterfall Tender Offers, the \u201cAcceptance Priority Procedures\u201d with respect to the Waterfall Tender Offers will operate as follows:<\/p>\n