Verizon Communications Inc. (NYSE, NASDAQ: VZ) extended the early participation date for its debt exchange offers and consent solicitations to June 16, 2026, at 5:00 p.m. New York time. The company announced early participation results showing varying tender rates across 11 series of notes from its subsidiaries.

The exchange offers involve swapping outstanding debt securities from Verizon subsidiaries for new notes issued by Verizon. The company also seeks consent to amend existing indentures to eliminate certain restrictive covenants.

As of June 1, 2026, tender rates ranged from 0.96% for Frontier Florida LLC's 6.860% debentures due 2028 to 85.89% for Verizon Delaware LLC's 8.625% debentures due 2031. Notable participation includes 57.35% of Alltel Corporation's 7.875% senior notes due 2032 and 52.03% of Verizon New England Inc.'s 7.875% debentures due 2029.

The total outstanding principal amount across all series is approximately $945 million, with about $157 million tendered by the original early participation date.

Eligible holders who tender notes by the extended deadline will receive total consideration including an early participation payment. The deadline for withdrawing tenders expired June 1, 2026, and was not modified.

The exchange offers and consent solicitations expire June 16, 2026, unless extended. Settlement is expected June 22, 2026. New notes will have the same economic terms as existing notes but will not be registered under the Securities Act.

Only qualified institutional buyers and non-U.S. persons meeting specific criteria may participate. Global Bondholder Services Corporation serves as exchange agent and information agent.