Verizon stock accepts $663.976 million of notes after tender offer

Published on 11/06/2026 at 14:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Verizon Communications stock faces a scheduled cash settlement after the company accepted five note series. The tender caps were raised after expiration.

Debt tender results set settlement

Verizon accepted notes with an aggregate principal amount of 663.976 million USD.
The company raised the Waterfall Cap to 500.039 million USD and expanded the Sub Cap.
Cash settlement for accepted notes is scheduled for November 9, 2026.

Verizon Communications, US92343V1044, Illustration mit AI erstellt.

Verizon Communications announced on November 5 that it had increased the caps on five cash tender offers and accepted eligible notes with an aggregate principal amount of 663.976 million USD. The announcement followed the expiration of the offers at 5:00 p.m. New York City time on November 4. Verizon published the results on its investor news page.

Verizon raised the Waterfall Cap from 500 million USD to 500.039 million USD. It also increased the Sub Cap to an amount sufficient to accept all validly tendered Sub Cap Notes with Acceptance Priority Level 1 and approximately 65 million USD of notes with Priority Level 2. No Priority Level 3 Sub Cap Notes were accepted.

Priority rules shaped accepted notes

The company accepted all validly tendered notes with Acceptance Priority Level 4 and accepted Priority Level 5 notes on a prorated basis. The release said the offers met all conditions at the expiration date, either as stated or waived by Verizon. Withdrawal rights ended at the same time as the offers.

The tender results mark the next step in Verizon's debt-management program rather than a change to its operating outlook. Buying back notes can reduce outstanding obligations, but the announcement does not provide a new earnings forecast, an interest-expense estimate or a broader capital-allocation target. Investors therefore still have to weigh the transaction against Verizon's financing needs and its recurring network investment.

Settlement is scheduled for November 9, 2026. Holders whose notes were accepted will receive the applicable cash consideration under the pricing terms announced on November 4, plus accrued and unpaid interest through the day before settlement. The release did not state that the settlement had already occurred.

Verizon Communications stock traded at 40.66 euros on Lang & Schwarz at 14:32 CET on Friday, November 6. The real-time quote of Verizon Communications stock provides the latest trading indication.