VERIZON COMMUNICATIONS INC (VZ) Form 424B3 — Nov 2, 2026
Verizon Communications filed a 424B3 prospectus on November 2, 2026 offering to exchange up to $161,391,000 aggregate principal amount of eleven series of previously issued private-exchange notes (maturities 2028 through 2033, coupons 5.125% to 8.625%) for newly registered Exchange Notes. The offers expire December 10, 2026, unless extended. The purpose of the exchange is solely to satisfy Verizon's obligations under a June 22, 2026 registration rights agreement; Verizon receives no cash proceeds and outstanding debt is unchanged, since surrendered Original Notes are retired and canceled. The exchange is not a taxable event for U.S.
Key figures
- Debt Amount
- $161,391,000 aggregate principal amount of Exchange Notes (up to), matching outstanding Original Notes
- Gross Proceeds
- 0
- Coupons
- ["6.860% due 2028","6.730% due 2028","6.800% due 2029","8.375% due 2029","8.000% due 2029","7.850% due 2029","7.875% due 2029","8.300% due 2031","8.625% due 2031","7.875% due 2032","5.125% due 2033"]
- Largest series
- $69,235,000 7.875% Notes due 2029
- Expiration date
- December 10, 2026
- Employees fye 2025
- approximately 89,900
- Number of note series
- 11
- Fy2025 operating revenues
- $138.2 billion
- Additional interest registration default rate
- 0.25% per annum
AI analysis
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