Verizon announced the completion of its private exchange offers for 10 series of notes, with the final settlement date set for August 21, 2024. The exchange offers, which expired on August 19, 2024, resulted in approximately $25.8 million of new notes due 2035 to be issued with a 4.780% coupon rate.The company accepted all validly tendered Old Notes after the Original Early Participation Date, as the aggregate principal amount did not exceed the New Notes Cap. Eligible holders whose notes were accepted will receive the applicable Total Exchange Price and an additional cash payment for accrued interest, adjusted for interest accrued on new notes since the Early Settlement Date.The New Notes, maturing February 15, 2035, will not be registered under the Securities Act initially, though Verizon has entered into a registration rights agreement on August 9, 2024. The exchange offers were made exclusively through the Exchange Offer Documents to eligible holders in compliance with applicable securities laws.

Verizon announced the completion of its private exchange offers for 10 series of notes, with the final settlement date set for August 21, 2024. The exchange offers, which expired on August 19, 2024, resulted in approximately $25.8 million of new notes due 2035 to be issued with a 4.780% coupon rate.The company accepted all validly tendered Old Notes after the Original Early Participation Date, as the aggregate principal amount did not exceed the New Notes Cap. Eligible holders whose notes were accepted will receive the applicable Total Exchange Price and an additional cash payment for accrued interest, adjusted for interest accrued on new notes since the Early Settlement Date.The New Notes, maturing February 15, 2035, will not be registered under the Securities Act initially, though Verizon has entered into a registration rights agreement on August 9, 2024. The exchange offers were made exclusively through the Exchange Offer Documents to eligible holders in compliance with applicable securities laws.