Verizon launches exchange offers and consent solicitations for 11 note series
Verizon said its subsidiaries are offering to exchange 11 series of outstanding debt securities for new Verizon Communications Inc. notes with the same economic terms, and are soliciting consents to amend the indentures to eliminate certain restrictive covenants. The filing also discloses separate cash tender offers for 20 series of notes, so the exchange and tender offers are distinct transactions. The filing states no earnings or guidance figures, and the exchange terms are set out in the offering documents.
Key points
- Exchange offers cover 11 series of Old Notes issued by Verizon subsidiaries, including Frontier Florida LLC, Frontier North Inc., Alltel Corporation, and several Verizon operating companies.
- Eligible Holders who tender by 5:00 p.m. New York City time on June 1, 2026 receive a Total Consideration that includes a $50 Early Participation Payment per $1,000 principal amount, plus a $1 cash Consent Payment per $1,000.
- Exchange offers expire June 16, 2026, with settlement expected June 22, 2026 unless extended.
- Separate cash tender offers for 20 series of notes were launched the same day under a May 11, 2026 Offer to Purchase and Consent Solicitation Statement.
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 11, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.