Telecomunicazioni
Verizon announces expiration and results of its tender offers for five series of its notes
Verizon was advised by Lucid Issuer Services Limited, as the Information Agent and the Tender Agent, that as of the Expiration Date, the aggregate principal amounts of the Notes specified in the table below were validly tendered and not validly withdrawn. The table below provides the aggregate principal amount of each series of Notes that Verizon accepted on the terms and subject to the conditions set forth in the Tender Offer Documents:
Verizon's obligation to accept any series of Notes tendered in the Offers was subject to the satisfaction of certain conditions applicable to the Offer for such series of Notes described in the Tender Offer Documents, including the Euro Financing Condition and the GBP Financing Condition. On October 23, 2017 , Verizon priced (i) €3,500,000,000 aggregate principal amount of New Euro Notes, comprising its issuance of €1,250,000,000 aggregate principal amount of its 1.375% Notes due 2026, €750,000,000 aggregate principal amount of its 1.875% Notes due 2029 and €1,500,000,000 aggregate principal amount of its 2.875% Notes due 2038 and (ii) £1,000,000,000 aggregate principal amount of its New GBP Notes, comprising its issuance of £1,000,0000,000 aggregate principal amount of its 3.375% Notes due 2036.
Each of the Financing Conditions and the other conditions to the Offers have been satisfied, and Verizon accepted for payment all Notes of each series validly tendered and not validly withdrawn at or prior to the Expiration Date.
The "Settlement Date" with respect to the Offers will be promptly following the Expiration Date and is expected to be the third business day following the Expiration Date (which would be October 27, 2017 ). In addition to the applicable Total Consideration, Holders whose Notes are accepted for purchase will receive a cash payment equal to the accrued and unpaid interest on such Notes, from and including the immediately preceding interest payment date for such Notes to, but excluding, the applicable Settlement Date (the "Accrued Coupon Payment"). The Accrued Coupon Payment in respect of Notes accepted for purchase will be calculated in accordance with the terms of such Notes and will be paid in cash. The aggregate amount of Total Consideration and accrued and unpaid interest payable for each series of Notes is set forth in the table above. Interest will cease to accrue on the Settlement Date for all Notes accepted. Under no circumstances will any interest be payable because of any delay in the transmission of funds to Holders by Euroclear or Clearstream.
Verizon has retained Barclays Bank PLC, Credit Suisse Securities ( Europe ) Limited and Deutsche Bank AG,
London Branch, to act as the dealer managers for the Offers. Questions regarding terms and conditions of the Offers should be directed to Barclays Bank PLC, at +44 (0)20 3134-8515 ( London ) or (800) 438-3242 (U.S. toll-free) or (212) 528-7581 (collect), Credit Suisse Securities ( Europe ) Limited at +44 (0)20 7883-8763 ( London ) or (800) 820-1653 (U.S. toll-free) or (212) 325-2476 (collect) or Deutsche Bank AG, London Branch at +44 (0)20 7545-8011 ( London ) or (866) 627-0391 (U.S. toll-free) or (212) 250-2955 (collect).
Lucid Issuer Services Limited is acting as the Information Agent and the Tender Agent for the Offers. Questions or requests for assistance related to the Offers or for additional copies of the Tender Offer Documents may be directed to Lucid Issuer Services Limited at +44 (0)20 7704-0880. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers.
This announcement is for informational purposes only. This announcement is not an offer to purchase or a solicitation of an offer to purchase any Notes.
In this communication we have made forward-looking statements. These forward-looking statements are not historical facts, but only predictions and generally can be identified by use of statements that include phrases such as "will," "may," "should," "continue," "anticipate," "believe," "expect," "plan," "appear," "project," "estimate," "intend," or other words or phrases of similar import. Similarly, statements that describe our objectives, plans or goals also are forward-looking statements. These forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated. Factors that could materially affect these forward-looking statements can be found in our periodic reports filed with the SEC. Eligible Holders are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements included in this press release are made only as of the date of this press release, and we undertake no obligation to update publicly these forward-looking statements to reflect new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events might or might not occur. We cannot assure you that projected results or events will be achieved.
Bob Varettoni
908-559-6388
robert.a.varettoni@verizon.com
http://www.verizon.com/
https://www.verizonwireless.com/
http://www.verizonenterprise.com/
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