Verizon Communications Inc. (“Verizon”) (NYSE:VZ) (NASDAQ:VZ)
today announced the pricing terms of its two previously announced
related transactions to repurchase 13 series of its outstanding
notes.
Exchange Offers
The first transaction consists of 13 separate private offers to
exchange (the “Exchange Offers”) any and all of the outstanding
series of notes listed in the table below (collectively, the “Old
Notes”) in exchange for newly issued debt securities of Verizon
(the “New Notes”), on the terms and subject to the conditions set
forth in the Offering Memorandum dated June 11, 2018 (the “Offering
Memorandum”), the eligibility letter (the “Eligibility Letter”) and
the accompanying exchange offer notice of guaranteed delivery (the
“Exchange Offer Notice of Guaranteed Delivery” which, together with
the Offering Memorandum and the Eligibility Letter, constitute the
“Exchange Offer Documents”). Only a holder who has duly completed
and returned an Eligibility Letter certifying that it is either (1)
a “qualified institutional buyer” (as defined in Rule 144A under
the Securities Act of 1933, as amended (the “Securities Act”)); or
(2) a person located outside the United States who is (i) not a
“U.S. person” (as defined in Rule 902 under the Securities Act),
(ii) not acting for the account or benefit of a U.S. person and
(iii) a “Non-U.S. qualified offeree” (as defined below), are
authorized to receive the Offering Memorandum and to participate in
the Exchange Offers (such holders, “Exchange Offer Eligible
Holders”).
The Exchange Offers will each expire at 5:00 p.m. (Eastern time)
today, June 15, 2018, unless extended or earlier terminated (such
date and time with respect to an Exchange Offer, as the same may be
extended with respect to such Exchange Offer, the “Exchange Offer
Expiration Date”). Old Notes tendered for exchange may be validly
withdrawn at any time at or prior to 5:00 p.m. (Eastern time)
today, June 15, 2018, unless extended or earlier terminated (such
date and time with respect to an Exchange Offer, as the same may be
extended with respect to such Exchange Offer, the “Exchange Offer
Withdrawal Date”), but not thereafter, unless extended by Verizon.
The “Exchange Offer Settlement Date” with respect to an Exchange
Offer will be promptly following the Exchange Offer Expiration Date
and is expected to be June 21, 2018.
On the terms and subject to the conditions set forth in the
Exchange Offer Documents, set forth below are the applicable
Exchange Offer Yield and Fixed Rate Note Total Exchange Price (each
as defined below) for each series of Fixed Rate Notes, as
calculated at 11:00 a.m. (Eastern time) today, June 15, 2018 (the
“Exchange Offer Price Determination Date”), in connection with
Verizon’s offers to exchange any and all of its outstanding notes
listed below for New Notes:
CUSIP/ ISIN Number(s) |
Title of Security |
Reference U.S. Treasury Security(1) |
Yield of Reference U.S. Treasury
Security(2) |
Fixed Spread (basis points) |
Exchange Offer Yield(3) |
Fixed Rate Note Total Exchange
Price(4) |
Floating Rate Note Total Exchange
Price(5) |
92343VCH5 |
2.625%
notes due 2020 |
1.375%
due Feb. 15, 2020 |
2.528 |
% |
+15 |
2.678 |
% |
$999.12 |
N/A |
92343VDZ4 |
Floating
Rate Notes due 2020 |
N/A |
N/A |
|
N/A |
N/A |
|
N/A |
$1,012.50 |
92343VCC6 |
3.450%
notes due 2021 |
2.625%
due May 15, 2021 |
2.661 |
% |
+30 |
2.961 |
% |
$1,012.72 |
N/A |
92343VAX2 |
4.600%
notes due 2021 |
2.625%
due May 15, 2021 |
2.661 |
% |
+35 |
3.011 |
% |
$1,042.00 |
N/A |
92343VDG6 |
1.750%
notes due 2021 |
2.625%
due May 15, 2021 |
2.661 |
% |
+40 |
3.061 |
% |
$960.90 |
N/A |
92343VCN2 |
3.000%
notes due 2021 |
2.625%
due May 15, 2021 |
2.661 |
% |
+45 |
3.111 |
% |
$996.46 |
N/A |
92343VBC7 |
3.500%
notes due 2021 |
2.625%
due May 15, 2021 |
2.661 |
% |
+45 |
3.111 |
% |
$1,012.30 |
N/A |
92343VDQ4
/ |
2.946%
notes due 2022 |
2.750%
due May 31, 2023 |
2.779 |
% |
+55 |
3.329 |
% |
$986.63 |
N/A |
92343VDM3
/ USU9221AAS79 |
|
|
|
|
|
|
|
92343VDW1 |
3.125%
notes due 2022 |
2.750%
due May 31, 2023 |
2.779 |
% |
+55 |
3.329 |
% |
$992.86 |
N/A |
92343VDX9 |
Floating
Rate Notes due 2022 |
N/A |
N/A |
|
N/A |
N/A |
|
N/A |
$1,022.00 |
92343VBJ2 |
2.450%
notes due 2022 |
2.750%
due May 31, 2023 |
2.779 |
% |
+60 |
3.379 |
% |
$962.60 |
N/A |
92343VBR4 |
5.150%
notes due 2023 |
2.750%
due May 31, 2023 |
2.779 |
% |
+70 |
3.479 |
% |
$1,079.27 |
N/A |
92343VBY9 |
4.150%
notes due 2024* |
2.750%
due May 31, 2023 |
2.779 |
% |
+85 |
3.629 |
% |
$1,025.69 |
N/A |
(1) |
The
applicable Total Exchange Price (as defined below) for each series
of Old Notes other than the Floating Rate Notes (as defined below)
(the “Fixed Rate Notes”) (such price, the “Fixed Rate Note Total
Exchange Price”) payable in principal amount of New Notes per each
$1,000 principal amount of each series of Fixed Rate Notes validly
tendered at or prior to the applicable Exchange Offer Expiration
Date or the Exchange Offer Guaranteed Delivery Date (as defined
below) pursuant to the guaranteed delivery procedures is based on
the fixed spread specified in the table above (the “Fixed Spread”)
for the applicable series of Fixed Rate Notes, plus the yield of
the specified Reference U.S. Treasury Security for that series at
the Exchange Offer Price Determination Date. The Total Exchange
Price does not include any accrued and unpaid interest, which will
be payable in cash in addition to the applicable Total Exchange
Price. |
(2) |
As
determined at the Exchange Offer Price Determination Date. |
(3) |
The
"Exchange Offer Yield" is equal to the sum of (a) the yield, as
calculated by the lead dealer managers, that equates to the
bid-side price of the applicable Reference U.S. Treasury Security
specified in the table above for such series of Notes appearing at
the Exchange Offer Price Determination Date on the Bloomberg
Reference Page specified in Verizon's press release, dated June 11,
2018, announcing the Exchange Offers (the "Launch Press Release")
for such series of Old Notes, plus (b) the Fixed Spread specified
in the table above for such series of Old Notes. |
(4) |
Payable
in principal amount of New Notes per each $1,000 principal amount
of each series of Fixed Rate Notes as measured at the Exchange
Offer Price Determination Date. |
(5) |
Payable
in principal amount of New Notes per each $1,000 principal amount
of floating rate notes due 2020 and floating rate notes due 2022
(collectively, the “Floating Rate Notes”) validly tendered at or
prior to the applicable Exchange Offer Expiration Date or the
Exchange Offer Guaranteed Delivery Date pursuant to the guaranteed
delivery procedures (such amount, the “Floating Rate Note Total
Exchange Price” and, together with the Fixed Rate Note Total
Exchange Price, the “Total Exchange Price”). |
* |
Denotes a
series of Fixed Rate Notes for which the calculation of the
applicable Fixed Rate Note Total Exchange Price was performed using
the present value of such Fixed Rate Notes as determined at the
Exchange Offer Price Determination Date as if the principal amount
of such Old Notes had been due on the applicable Par Call Date (as
defined in the Offering Memorandum). |
Upon the terms and subject to the conditions set forth in the
Exchange Offer Documents, Exchange Offer Eligible Holders who (i)
validly tender Old Notes at or prior to the Exchange Offer
Expiration Date or (ii) deliver a properly completed and duly
executed Exchange Offer Notice of Guaranteed Delivery at or prior
to the Exchange Offer Expiration Date and validly tender their Old
Notes and all other required documents at or prior to 5:00 p.m.
(Eastern time) on the second business day after the applicable
Exchange Offer Expiration Date (such date and time with respect to
an Exchange Offer, as the same may be extended with respect to such
Exchange Offer, the “Exchange Offer Guaranteed Delivery Date”)
pursuant to the guaranteed delivery procedures, and whose Old Notes
are accepted for exchange by Verizon, will receive the applicable
Total Exchange Price for each $1,000 principal amount of such Old
Notes, which will be payable in principal amount of New Notes.
In addition to the applicable Total Exchange Price, Exchange
Offer Eligible Holders whose Old Notes are accepted for exchange
will receive a cash payment equal to the accrued and unpaid
interest on such Old Notes from and including the immediately
preceding interest payment date for such Old Notes to, but
excluding, the relevant Exchange Offer Settlement Date. Interest
will cease to accrue on the Exchange Offer Settlement Date for all
Old Notes accepted in the Exchange Offers, including those Old
Notes tendered through the guaranteed delivery procedures.
The New Notes will mature on September 21, 2028 and will bear
interest at a rate per annum equal to 4.329%, which is the sum of
(a) 2.899%, the yield of the 2.875% U.S. Treasury Security due
May 15, 2028, as calculated by the lead dealer managers in
accordance with standard market practice and as described in the
Offering Memorandum, plus (b) 143 basis points, such sum rounded to
the third decimal place when expressed as a percentage.
Pursuant to the Minimum Issue Requirement, Verizon will not
complete the Exchange Offers if the aggregate principal amount of
New Notes to be issued would be less than $1.0 billion. Verizon may
not waive the Minimum Issue Requirement.
In addition to the Minimum Issue Requirement, Verizon’s
obligation to accept any series of Old Notes tendered in the
Exchange Offers is subject to the satisfaction of certain
conditions applicable to the Exchange Offer for such series as
described in the Offering Memorandum, including, among others, the
New Notes Capacity Condition (as defined in the Launch Press
Release), the Cash Offer Completion Condition (as defined in the
Launch Press Release) and the 2024 Notes OID Condition (as defined
in the Offering Memorandum). Verizon expressly reserves the right,
subject to applicable law, to waive any and all conditions to any
Exchange Offer, other than conditions described by Verizon as
non-waivable.
If and when issued, the New Notes will not be registered under
the Securities Act or any state securities laws. Therefore, the New
Notes may not be offered or sold in the United States absent
registration or an applicable exemption from the registration
requirements of the Securities Act and any applicable state
securities laws. Verizon will enter into a registration rights
agreement with respect to the New Notes.
Global Bondholder Services Corporation is acting as the
Information Agent and the Exchange Agent for the Exchange Offers.
Questions or requests for assistance related to the Exchange Offers
or for additional copies of the Exchange Offer Documents may be
directed to Global Bondholder Services Corporation at (866)
470-3800 (toll free) or (212) 430-3774 (collect). You may also
contact your broker, dealer, commercial bank, trust company or
other nominee for assistance concerning the Exchange Offers. The
Exchange Offer Documents can be accessed at the following link:
http://gbsc-usa.com/eligibility/Verizon.
Cash Offers
The second transaction consists of 13 separate offers to
purchase for cash (the “Cash Offers”) any and all of each series of
Old Notes, on the terms and subject to the conditions set forth in
the Offer to Purchase dated June 11, 2018 (the “Offer to
Purchase”), the certification instructions letter (the
“Certification Instructions Letter”) and the accompanying cash
offer notice of guaranteed delivery (the “Cash Offer Notice of
Guaranteed Delivery” which, together with the Offer to Purchase and
the Certification Instructions Letter, constitute the “Cash Offer
Documents” and, collectively with the Exchange Offer Documents, the
“Offer Documents”). Only holders who are not Exchange Offer
Eligible Holders (“Cash Offer Eligible Holders”) are eligible to
participate in the Cash Offers. Holders of Old Notes participating
in the Cash Offers will be required to complete the Certification
Instructions Letter and certify that they are Cash Offer Eligible
Holders.
On the terms and subject to the conditions in the Offer to
Purchase, set forth below is the applicable Total Consideration (as
defined below) for each series of Old Notes, as calculated at 11:00
a.m. (Eastern time) today, June 15, 2018 (the “Cash Offer Price
Determination Date”), in accordance with the Offer to Purchase:
CUSIP/ ISIN Number(s) |
Title of Security |
Reference U.S. Treasury Security(1) |
Yield of Reference U.S. Treasury
Security(2) |
Fixed Spread (basis points) |
Cash Offer Yield(3) |
Fixed Rate Note Total
Consideration(4) |
Floating Rate NoteTotal
Consideration(5) |
92343VCH5 |
2.625% notes due 2020 |
1.375% due Feb. 15, 2020 |
2.528% |
|
+15 |
2.678% |
|
$999.12 |
N/A |
92343VDZ4 |
Floating Rate Notes due 2020 |
N/A |
N/A |
|
N/A |
N/A |
|
N/A |
$ 1,012.50 |
92343VCC6 |
3.450% notes due 2021 |
2.625% due May 15, 2021 |
2.661% |
|
+30 |
2.961% |
|
$1,012.72 |
N/A |
92343VAX2 |
4.600% notes due 2021 |
2.625% due May 15, 2021 |
2.661% |
|
+35 |
3.011% |
|
$1,042.00 |
N/A |
92343VDG6 |
1.750% notes due 2021 |
2.625% due May 15, 2021 |
2.661% |
|
+40 |
3.061% |
|
$960.90 |
N/A |
92343VCN2 |
3.000% notes due 2021 |
2.625% due May 15, 2021 |
2.661% |
|
+45 |
3.111% |
|
$996.46 |
N/A |
92343VBC7 |
3.500% notes due 2021 |
2.625% due May 15, 2021 |
2.661% |
|
+45 |
3.111% |
|
$1,012.30 |
N/A |
92343VDQ4 / |
2.946% notes due 2022 |
2.750% due May 31, 2023 |
2.779% |
|
+55 |
3.329% |
|
$986.63 |
N/A |
92343VDM3 / USU9221AAS79 |
|
|
|
|
|
|
|
92343VDW1 |
3.125% notes due 2022 |
2.750% due May 31, 2023 |
2.779% |
|
+55 |
3.329% |
|
$992.86 |
N/A |
92343VDX9 |
Floating Rate Notes due 2022 |
N/A |
N/A |
|
N/A |
N/A |
|
N/A |
$ 1,022.00 |
92343VBJ2 |
2.450% notes due 2022 |
2.750% due May 31, 2023 |
2.779% |
|
+60 |
3.379% |
|
$962.60 |
N/A |
92343VBR4 |
5.150% notes due 2023 |
2.750% due May 31, 2023 |
2.779% |
|
+70 |
3.479% |
|
$1,079.27 |
N/A |
92343VBY9 |
4.150% notes due 2024* |
2.750% due May 31, 2023 |
2.779% |
|
+85 |
3.629% |
|
$1,025.69 |
N/A |
(1) |
The
applicable Total Consideration for each series of Fixed Rate Notes
(such consideration, the “Fixed Rate Note Total Consideration”)
payable per each $1,000 principal amount of each series of Fixed
Rate Notes validly tendered at or prior to the applicable Cash
Offer Expiration Date or the Cash Offer Guaranteed Delivery Date
(as defined below) pursuant to the guaranteed delivery procedures
is based on the fixed spread for the applicable series of Fixed
Rate Notes, plus the yield of the specified Reference
U.S. Treasury Security for that series at the Cash Offer Price
Determination Date. The Total Consideration does not include any
accrued and unpaid interest, which will be payable in cash in
addition to the applicable Total Consideration. |
(2) |
As
determined at the Cash Offer Price Determination Date. |
(3) |
The “Cash
Offer Yield” is equal to the sum of (a) the yield, as calculated by
the lead dealer managers, that equates to the bid-side price of the
applicable Reference U.S. Treasury Security specified in the table
above for such series of Notes appearing at the Cash Offer Price
Determination Date on the Bloomberg Reference Page specified in the
Launch Press Release for such series of Old Notes, plus (b) the
Fixed Spread specified in the table above for such series of Old
Notes. |
(4) |
Per
$1,000 principal amount of Fixed Rate Notes, as measured at the
Cash Offer Price Determination Date. |
(5) |
Payable
per each $1,000 principal amount of Floating Rate Notes validly
tendered at or prior to the applicable Cash Offer Expiration Date
or the Cash Offer Guaranteed Delivery Date pursuant to the
guaranteed delivery procedures (such amount the “Floating Rate Note
Total Consideration” and, together with the Fixed Rate Note Total
Consideration, the “Total Consideration”). |
* |
Denotes a
series of Fixed Rate Notes for which the calculation of the
applicable Fixed Rate Note Total Consideration was performed using
the present value of such Fixed Rate Notes as determined at the
Cash Offer Price Determination Date as if the principal amount of
such Fixed Rate Notes had been due on the applicable Par Call Date
(as defined in the Offer to Purchase). |
The Cash Offers will each expire at 5:00 p.m. (Eastern time)
today, June 15, 2018, unless extended or earlier terminated (such
date and time with respect to a Cash Offer, as the same may be
extended with respect to such Cash Offer, the “Cash Offer
Expiration Date”). Old Notes tendered for purchase may be validly
withdrawn at any time at or prior to 5:00 p.m. (Eastern time)
today, June 15, 2018, unless extended or earlier terminated (such
date and time with respect to a Cash Offer, as the same may be
extended with respect to such Cash Offer, the “Cash Offer
Withdrawal Date”), but not thereafter, unless extended by Verizon.
The “Cash Offer Settlement Date” with respect to a Cash Offer will
be promptly following the Cash Offer Expiration Date and is
expected to be June 21, 2018.
Upon the terms and subject to the conditions set forth in the
Cash Offer Documents, Cash Offer Eligible Holders who (i) validly
tender Old Notes at or prior to the Cash Offer Expiration Date or
(ii) deliver a properly completed and duly executed Cash Offer
Notice of Guaranteed Delivery at or prior to the Cash Offer
Expiration Date and validly tender their Old Notes and all other
required documents at or prior to 5:00 p.m. (Eastern time) on the
second business day after the applicable Cash Offer Expiration Date
(such date and time with respect to a Cash Offer, as the same may
be extended with respect to such Cash Offer, the “Cash Offer
Guaranteed Delivery Date”) pursuant to the guaranteed delivery
procedures, and whose Old Notes are accepted for purchase by
Verizon, will receive the applicable Total Consideration for each
$1,000 principal amount of Old Notes, which will be payable in
cash.
In addition to the applicable Total Consideration, Cash Offer
Eligible Holders whose Old Notes are accepted for purchase will be
paid accrued and unpaid interest on such Old Notes from and
including the immediately preceding interest payment date for such
Old Notes to, but excluding, the Cash Offer Settlement Date.
Interest will cease to accrue on the Cash Offer Settlement Date for
all Old Notes accepted in the Cash Offers, including those Old
Notes tendered through the guaranteed delivery procedures.
Verizon’s obligation to accept any series of Old Notes tendered
in the Cash Offers is subject to the satisfaction of certain
conditions applicable to the Cash Offer for such series as
described in the Offer to Purchase, including the Maximum Total
Consideration Condition (as defined in the Launch Press Release)
and the Exchange Offer Completion Condition (as defined in the
Launch Press Release). Verizon expressly reserves the right,
subject to applicable law, to waive any and all conditions to any
Cash Offer, other than conditions described by Verizon as
non-waivable.
Global Bondholder Services Corporation also is acting as the
Information Agent and the Tender Agent for the Cash Offers.
Questions or requests for assistance related to the Cash Offers or
for additional copies of the Cash Offer Documents may be directed
to Global Bondholder Services Corporation at (866) 470-3800 (toll
free) or (212) 430-3774 (collect). You may also contact your
broker, dealer, commercial bank, trust company or other nominee for
assistance concerning the Cash Offers. The Cash Offer Documents can
be accessed at the following link
http://www.gbsc-usa.com/Verizon.
Verizon refers to the Exchange Offers and the Cash Offers,
collectively, as the “Offers.”
If Verizon terminates any Offer with respect to one or more
series of Old Notes, it will give prompt notice to the Tender Agent
or Exchange Agent, as applicable, and all Old Notes tendered
pursuant to such terminated Offer will be returned promptly to the
tendering holders thereof. With effect from such termination, any
Old Notes blocked in DTC will be released.
Holders are advised to check with any bank, securities
broker or other intermediary through which they hold Old Notes as
to when such intermediary needs to receive instructions from a
holder in order for that holder to be able to participate in, or
(in the circumstances in which revocation is permitted) revoke
their instruction to participate in, the Exchange Offers or Cash
Offers, as applicable, before the deadlines specified herein and in
the Exchange Offer Documents or the Cash Offer Documents, as
applicable. The deadlines set by each clearing system for the
submission and withdrawal of exchange instructions will also be
earlier than the relevant deadlines specified herein and in the
Exchange Offer Documents or the Cash Offer Documents, as
applicable.
This announcement is for informational purposes only. This
announcement is not an offer to purchase or a solicitation of an
offer to purchase any Old Notes. The Exchange Offers are being made
solely pursuant to the Offering Memorandum and related documents
and the Cash Offers are being made solely pursuant to the Offer to
Purchase and related documents. The Offers are not being made to
holders of Old Notes in any jurisdiction in which the making or
acceptance thereof would not be in compliance with the securities,
blue sky or other laws of such jurisdiction. In any jurisdiction in
which the securities laws or blue sky laws require the Offers to be
made by a licensed broker or dealer, the Offers will be deemed to
be made on behalf of Verizon by the dealer managers or one or more
registered brokers or dealers that are licensed under the laws of
such jurisdiction.
This communication has not been approved by an authorized person
for the purposes of Section 21 of the Financial Services and
Markets Act 2000, as amended (the “FSMA”). Accordingly, this
communication is not being directed at persons within the United
Kingdom save in circumstances where section 21(1) of the FSMA does
not apply.
In particular, this communication is only addressed to and
directed at: (A) in any member state of the European Economic Area
(each a “Member State”) that has implemented the Prospectus
Directive (as defined below), qualified investors in that Member
State within the meaning of the Prospectus Directive and (B) (i)
persons that are outside the United Kingdom or (ii) persons in the
United Kingdom falling within the definition of investment
professionals (as defined in Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
“Financial Promotion Order”)) or within Article 43 of the Financial
Promotion Order, or to other persons to whom it may otherwise
lawfully be communicated by virtue of an exemption to Section 21(1)
of the FSMA or otherwise in circumstance where it does not apply
(such persons together being “relevant persons”). The New Notes are
only available to, and any invitation, offer or agreement to
subscribe, purchase or otherwise acquire such New Notes will be
engaged in only with, relevant persons. Any person who is not a
relevant person should not act or rely on the Offering Memorandum
or any of its contents. For purposes of the foregoing, the
“Prospectus Directive” means the Prospectus Directive 2003/71/EC,
as amended, including pursuant to Directive 2010/73/EU.
“Non-U.S. qualified offeree” means:
|
(1) |
in relation to each Member State, with effect from and including
the date on which the Prospectus Directive is implemented in that
Member State: |
|
|
|
|
|
(a) |
any legal
entity which is a qualified investor as defined in Article 2(l)(e)
of the Prospectus Directive; or |
|
|
|
|
|
|
(b) |
any other
entity in any other circumstances falling within Article 3(2)
of the Prospectus Directive, provided that no such offer of the New
Notes shall require Verizon or the dealer managers to publish a
prospectus pursuant to Article 3 of the Prospectus Directive;
or |
|
|
|
|
|
(2) |
in relation to each member state of the European Economic Area, a
person that is not a retail investor. For the purposes of this
provision: (i) the expression “retail investor” means a person who
is one (or more) of the following: (A) a retail client as defined
in point (11) of Article 4(1) of Directive 2014/65/EU (as amended,
“MiFID II”); or (B) a customer within the meaning of Directive
2002/92/EC, where that customer would not qualify as a professional
client as defined in point (10) of Article 4(1) of MiFID II; or (C)
not a qualified investor as defined in the Prospectus Directive;
or |
|
|
|
|
(3) |
any entity outside of the United States and the European
Economic Area to whom the offers related to the New Notes may be
made in compliance with all other applicable laws and regulations
of any applicable jurisdiction. |
Cautionary
Statement Regarding Forward-Looking Statements
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 U.S. Securities and Exchange Commission. 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.
Media contact:Bob
Varettoni908-559-6388robert.a.varettoni@verizon.com
Verizon Communications (NYSE:VZ)
Historical Stock Chart
From Mar 2024 to Apr 2024
Verizon Communications (NYSE:VZ)
Historical Stock Chart
From Apr 2023 to Apr 2024