Verizon Communications stock sets priority terms for debt tender
Published on 11/03/2026 at 16:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSVerizon's Debt Tender Enters Final Week
- Five note series are subject to a waterfall priority system and separate purchase caps.
- Verizon will set tender prices using Treasury yields plus fixed spreads on November 4.
- Accepted notes are expected to settle on November 9, subject to the offer conditions.
Verizon Communications announced on October 29 that it had launched five cash tender offers for outstanding notes. The company is offering up to USD 500 million in aggregate purchase consideration, with a separate USD 155 million sub-cap for three longer-dated series, according to the Verizon announcement.
Priority Rules Shape Acceptance
The offers cover notes maturing in 2028, 2030, 2040, 2060 and 2061. Verizon will accept valid tenders by priority level if demand exceeds the caps, and some series may be accepted only partly or not at all.
The highest priority goes to the 3.000% notes due in 2060, followed by the 3.700% notes due in 2061 and the 2.650% notes due in 2040. The 2.100% notes due in 2028 and the 3.150% notes due in 2030 rank fourth and fifth.
Pricing And Settlement Dates
Verizon will determine the purchase consideration from the bid-side yield of designated US Treasury securities plus fixed spreads ranging from 25 to 130 basis points. The company plans to announce the offer yields and total consideration after 2:00 p.m. New York City time on November 4.
The offers expire at 5:00 p.m. New York City time on Wednesday, November 4, unless Verizon extends or ends them earlier. Verizon expects settlement on Monday, November 9, while accepted holders will also receive accrued interest through, but excluding, the settlement date.
Verizon Communications stock traded at 40.27 euros on Lang & Schwarz at 16:41 CET on Tuesday, November 3, 2026. The real-time quote of Verizon Communications stock is available here.
The S&P 500 provides the relevant US equity backdrop for Verizon.
For more context on the company and its financing activity, see More news and analyses on Verizon Communications stock.
Verizon Communications at a glance
- Company: Verizon Communications Inc.
- ISIN: US92343V1044
- Ticker: VZ
- Home exchanges: NYSE and Nasdaq
- Lang & Schwarz quote: 40.27 euros at 16:41 CET on November 3, 2026
- Tender deadline: 5:00 p.m. New York City time on November 4, 2026
- Expected settlement: November 9, 2026
