Verizon announces tender offers for 29 series of notes of Verizon and certain of its subsidiaries

NEW YORK - Verizon Communications Inc. ("Verizon") (NYSE, NASDAQ: VZ) today announced the commencement of 29 separate offers, for its own account and on behalf of certain of its wholly-owned subsidiaries, to purchase for cash (the "Offers") up to $1.5 billion aggregate purchase price of 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 dated July 31, 2017 (the "Offer to Purchase" and, together with the accompanying letter of transmittal, the "Offer Documents"). Verizon today also announced the commencement of separate tender and exchange offers, for its own account and on behalf of GTE LLC, to purchase 17 other series of their outstanding notes. The tender and exchange offers are separate and distinct from the Offers, and neither the Offers nor the separate tender and exchange offers are conditioned upon the consummation of the other such offer. Click here for more.

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