andnbsp;Verizon Communications Inc. ("Verizon") (NYSE, NASDAQ: VZ) today announced the commencement of offers, for its own account and on behalf of its wholly-owned subsidiary, GTE LLC, to purchase the outstanding series of notes listed below (the "Old Notes") for (i)andnbsp;cash (the "Cash Offers") or (ii)andnbsp;newly issued debt securities of Verizon (the "New Notes") (and additional cash amounts for specified series of Old Notes) (the "Exchange Offers" and, together with the Cash Offers, the "Offers"), in each case on the terms and subject to the conditions set forth in the Tender and Exchange Offer Statement dated Julyandnbsp;31, 2017 (the "Tender and Exchange Offer Statement" and, together with the accompanying letter of transmittal and eligibility letter, the "Offer Documents").andnbsp;Only holders who have duly completed and returned an eligibility letter certifying that they are either (1)andnbsp;"qualified institutional buyers" ("QIBs") as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") or (2)andnbsp;non-"U.S. persons" (as defined in Rule 902 under the Securities Act) located outside of the United States and who are "Non-U.S. qualified offerees" (as defined in the eligibility letter) are authorized to receive the Tender and Exchange Offer Statement and to participate in the Offers (each such holder, an "Eligible Holder").andnbsp;Verizon today also announced the commencement of separate cash tender offers, for its own account and on behalf of certain of its wholly-owned subsidiaries, to purchase 29 other series of their outstanding notes. The cash tender offers are separate and distinct from the Offers, and neither the Offers nor the separate cash tender offers are conditioned upon the consummation of the other such offer. Click here for more.
from Cellular News http://bit.ly/2wfnAgX
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