Verizon announces tender offers for five series of notes

NEW YORK, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (“Verizon”) (NYSE, Nasdaq: VZ) today announced the commencement of five separate offers to purchase for cash up to $500 million aggregate purchase price of the outstanding series of its notes listed in the table below (collectively, the “Notes” and such tender offers, the “Offers”), on the terms and subject to the conditions set forth in the Offer to Purchase dated October 29, 2026 (the “Offer to Purchase”).

Verizon is offering to purchase validly tendered Notes using a “waterfall” methodology under which the Notes will be accepted in the order of their Acceptance Priority Levels, subject to the Waterfall Cap (as defined below) and, in the case of the 3.000% Notes due November 20, 2060, the 3.700% Notes due March 22, 2061 and the 2.650% Notes due November 20, 2040 (collectively, the “Sub Cap Notes”), the Sub Cap (as defined below). The Offers are subject to the terms and conditions described in the Offer to Purchase, including (i) the Acceptance Priority Procedures (as described below), (ii) a $155 million cap (the “Sub Cap”) on the total cash Verizon pays to purchase Sub Cap Notes validly tendered under the Offers (excluding the applicable Accrued Coupon Payment (as defined below)) and (iii) a $500 million cap (the “Waterfall Cap”) on the total cash Verizon pays to purchase all Notes validly tendered under the Offers (excluding the applicable Accrued Coupon Payment and including cash paid to purchase any Sub Cap Notes).