PR Newswire
NEW YORK, Nov. 30, 2017
NEW YORK, Nov. 30, 2017 /PRNewswire/ -- Verizon Communications Inc. ("Verizon") (NYSE, NASDAQ: VZ) today announced the pricing terms of its previously announced 31 separate offers, for its own account and on behalf of certain of its wholly-owned subsidiaries, to purchase for cash (the "Tender Offers") up to the Waterfall Cap (as defined below) the outstanding series of notes listed below (collectively, the "Notes"), on the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated November 15, 2017 (the "Offer to Purchase and Consent Solicitation Statement" and, together with the accompanying letter of transmittal, the "Offer Documents"), such terms as amended by Verizon's press release relating to the Tender Offers dated November 30, 2017 (the "Early Results Press Release").
Withdrawal rights for each Tender Offer expired at 5:00 p.m. (New York City time) on November 29, 2017. The Extended Early Participation Date (as defined in the Early Results Press Release) is 5:00 p.m. (New York City time) on December 13, 2017, at which time the Tender Offers will also expire, unless the expiration date is extended or earlier terminated by Verizon.
The table below indicates, among other things, the aggregate principal amount of Notes validly tendered in each Tender Offer at or prior to the Original Early Participation Date (as defined in the Early Results Press Release) and the Offer Yield (as defined below) and Total Consideration (as defined in the Offer to Purchase and Consent Solicitation Statement) for each $1,000 principal amount of each series of Notes validly tendered at or prior to the Extended Early Participation Date, as calculated at 11:00 a.m. (New York City time) today, November 30, 2017 (the "Price Determination Date") in accordance with the terms of the Offer to Purchase and Consent Solicitation Statement:
Acceptance | CUSIP | Issuer(1) | Title of Security | Principal | Principal | Reference U.S. |
Fixed | Offer | Total |
1 | 362320BA0 | GTE LLC | 6.940% Debentures due 2028† | $315,309,000 | $6,867,000 | 2.250% due 11/15/2027 | 150 | 3.892% | $1,257.23 |
2 | 362320AT0 | GTE LLC | 8.750% Debentures due 2021*† | $192,879,000 | $12,847,000 | 2.000% due 10/31/2022 | 60 | 2.706% | $1,221.03 |
3 | 92344XAB5 | Verizon New York Inc. | 7.375% Debentures due 2032† | $201,579,000 | $1,183,000 | 2.250% due 11/15/2027 | 180 | 4.192% | $1,339.58 |
4 | 020039DC4 | Alltel Corporation | 7.875% Senior Notes due 2032† | $173,779,000 | $15,978,000 | 2.250% due 11/15/2027 | 165 | 4.042% | $1,418.39 |
5 | 644239AY1 | Verizon New England Inc. | 7.875% Debentures due 2029*† | $145,697,000 | $4,835,000 | 2.250% due 11/15/2027 | 160 | 3.992% | $1,365.33 |
6 | 020039AJ2 | Alltel Corporation | 6.800% Debentures due 2029† | $138,677,000 | $406,000 | 2.250% due 11/15/2027 | 145 | 3.842% | $1,270.51 |
7 | 645767AY0 | Verizon New Jersey Inc. | 8.000% Debentures due 2022† | $111,392,000 | $479,000 | 2.000% due 10/31/2022 | 65 | 2.756% | $1,218.70 |
8 | 645767AW4 | Verizon New Jersey Inc. | 7.850% Debentures due 2029*† | $51,335,000 | $382,000 | 2.250% due 11/15/2027 | 160 | 3.992% | $1,362.98 |
9 | 650094CJ2 | Verizon New York Inc. Werbung Mehr Nachrichten zur Verizon Aktie kostenlos abonnieren
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