NEW YORK, March 4, 2016 /PRNewswire/ -- Verizon
Communications Inc. ("Verizon") (NYSE, NASDAQ: VZ; LSE: VZC) today
announced the commencement of three concurrent, but separate,
tender offers on behalf of itself and certain of its subsidiaries,
to purchase for cash (1) any and all of the Group 1 Any and All
Notes listed below (the "Group 1 Any and All Offer"), (2) any and
all of the Group 2 Any and All Notes listed below (the "Group 2 Any
and All Offer") and (3) up to $4.0
billion aggregate purchase price, excluding accrued and
unpaid interest and any fees or commissions (the "Waterfall Cap"),
of the Waterfall Notes listed below (the "Waterfall Offer," and
together with the Group 1 Any and All Offer and the Group 2 Any and
All Offer, the "Offers"). Verizon concurrently is soliciting
consents (the "Consent Solicitation") from holders of each series
of the Group 1 Any and All Notes to adopt an amendment to the
indenture governing the Group 1 Any and All Notes.
Group 1 Any
and All
Offer
Issuer
|
|
Group 1 Any and
All Notes
|
|
CUSIP
|
|
Principal
Amount
Outstanding
|
|
Bloomberg
Reference
Page
|
|
UST Reference
Security
|
|
Fixed Spread
(Basis Points)
|
|
Early Tender
Premium1
|
|
Hypothetical Total
Consideration2
|
Verizon
Communications Inc.
|
|
2.50% Notes due
2016
|
|
92343VBN3
|
|
$2,182,335,000
|
|
FIT3
|
|
0.875% due Sep. 15,
2016
|
|
30
|
|
$30
|
|
$ 1,007.41
|
Verizon
Communications Inc.
|
|
2.00% Notes due
2016
|
|
92343VBD5
|
|
$1,250,000,000
|
|
FIT3
|
|
0.375% due Oct. 31,
2016
|
|
20
|
|
$30
|
|
$ 1,006.89
|
Verizon
Communications Inc.
|
|
6.35% Notes due
2019
|
|
92343VAV6
|
|
$1,750,000,000
|
|
FIT5
|
|
1.500% due Mar. 31,
2019
|
|
75
|
|
$30
|
|
$ 1,132.29
|
Group 2 Any and
All
Offer
Subsidiary
Issuer
|
|
Group 2 Any and All
Notes
|
|
CUSIP
|
|
Principal
Amount
Outstanding
|
|
Bloomberg
Reference
Page
|
|
UST Reference
Security
|
|
Fixed Spread
(Basis Points)
|
|
Early Tender
Premium1
|
|
Hypothetical Total
Consideration2
|
Verizon Delaware
LLC
|
|
8.375% Debentures due
2019
|
|
252759AL9
|
|
$15,000,000
|
|
FIT1
|
|
0.750% due Feb. 15,
2019
|
|
180
|
|
$50
|
|
$ 1,181.74
|
Verizon Delaware
LLC
|
|
8.625% Debentures due
2031
|
|
252759AM7
|
|
$15,000,000
|
|
FIT1
|
|
1.625% due Feb. 15,
2026
|
|
330
|
|
$50
|
|
$ 1,368.27
|
Verizon Maryland
LLC
|
|
8.00% Debentures due
2029*
|
|
165069AP0
|
|
$50,000,000
|
|
FIT1
|
|
1.625% due Feb. 15,
2026
|
|
305
|
|
$50
|
|
$ 1,303.88
|
Verizon Maryland
LLC
|
|
8.30% Debentures due
2031*
|
|
165069AQ8
|
|
$100,000,000
|
|
FIT1
|
|
1.625% due Feb. 15,
2026
|
|
315
|
|
$50
|
|
$ 1,350.11
|
Verizon Maryland
LLC
|
|
5.125% Debentures due
2033
|
|
92344WAB7
|
|
$350,000,000
|
|
FIT1
|
|
3.000% due Nov. 15,
2045
|
|
235
|
|
$50
|
|
$ 1,010.77
|
Verizon New England
Inc.
|
|
7.875% Debentures due
2029*
|
|
644239AY1
|
|
$348,965,000
|
|
FIT1
|
|
1.625% due Feb. 15,
2026
|
|
330
|
|
$50
|
|
$ 1,264.12
|
Verizon New Jersey
Inc.
|
|
8.00% Debentures due
2022
|
|
645767AY0
|
|
$200,000,000
|
|
FIT1
|
|
1.125% due Feb. 28,
2021
|
|
230
|
|
$50
|
|
$ 1,237.78
|
Verizon New Jersey
Inc.
|
|
7.85% Debentures due
2029*
|
|
645767AW4
|
|
$148,935,000
|
|
FIT1
|
|
1.625% due Feb. 15,
2026
|
|
285
|
|
$50
|
|
$ 1,313.94
|
Verizon New York
Inc.
|
|
6.50% Debentures due
2028
|
|
650094CJ2
|
|
$100,000,000
|
|
FIT1
|
|
1.625% due Feb. 15,
2026
|
|
295
|
|
$50
|
|
$ 1,153.88
|
Verizon New York
Inc.
|
|
7.375% Debentures due
2032
|
|
92344XAB5
|
|
$500,000,000
|
|
FIT1
|
|
3.000% due Nov. 15,
2045
|
|
280
|
|
$50
|
|
$ 1,200.13
|
Verizon Pennsylvania
LLC
|
|
6.00% Debentures due
2028
|
|
07786DAA4
|
|
$125,000,000
|
|
FIT1
|
|
1.625% due Feb. 15,
2026
|
|
295
|
|
$50
|
|
$ 1,112.68
|
Verizon Pennsylvania
LLC
|
|
8.35% Debentures due
2030
|
|
078167AZ6
|
|
$174,975,000
|
|
FIT1
|
|
1.625% due Feb. 15,
2026
|
|
330
|
|
$50
|
|
$ 1,326.81
|
Verizon Pennsylvania
LLC
|
|
8.75% Debentures due
2031
|
|
078167BA0
|
|
$125,000,000
|
|
FIT1
|
|
1.625% due Feb. 15,
2026
|
|
345
|
|
$50
|
|
$ 1,359.29
|
Verizon Virginia
LLC
|
|
7.875% Debentures due
2022
|
|
165087AN7
|
|
$100,000,000
|
|
FIT1
|
|
1.125% due Feb. 28,
2021
|
|
215
|
|
$50
|
|
$ 1,226.97
|
Verizon Virginia
LLC
|
|
8.375% Debentures due
2029
|
|
165087AL1
|
|
$100,000,000
|
|
FIT1
|
|
1.625% due Feb. 15,
2026
|
|
320
|
|
$50
|
|
$ 1,322.34
|
Waterfall
Offer
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acceptance
Priority Levels
|
|
Issuer
|
|
Waterfall
Notes
|
|
CUSIP(s)/
ISIN
|
|
Principal
Amount
Outstanding
|
|
Bloomberg
Reference
Page
|
|
UST Reference
Security
|
|
Fixed Spread
(Basis Points)
|
|
Early Tender
Premium1
|
|
Hypothetical
Total Consideration2
|
|
1
|
|
Verizon
Communications Inc.
|
|
8.95% Notes due
2039
|
|
92343VAR5
|
|
$353,376,000
|
|
FIT1
|
|
3.000% due Nov. 15,
2045
|
|
255
|
|
$50
|
|
$ 1,493.22
|
|
2
|
|
Alltel
Corporation
|
|
7.875% Debentures due
2032
|
|
020039DC4
|
|
$451,801,000
|
|
FIT1
|
|
3.000% due Nov. 15,
2045
|
|
235
|
|
$50
|
|
$ 1,313.08
|
|
3
|
|
Verizon
Communications Inc.
|
|
7.75% Notes due
2032
|
|
92344GAS5
|
|
$250,785,000
|
|
FIT1
|
|
3.000% due Nov. 15,
2045
|
|
230
|
|
$50
|
|
$ 1,305.37
|
|
4
|
|
Verizon
Communications Inc.
|
|
7.35% Notes due
2039
|
|
92343VAU8
|
|
$480,330,000
|
|
FIT1
|
|
3.000% due Nov. 15,
2045
|
|
255
|
|
$50
|
|
$ 1,281.66
|
|
5
|
|
GTE
Corporation
|
|
6.94% Debentures due
2028
|
|
362320BA0
|
|
$800,000,000
|
|
FIT1
|
|
1.625% due Feb. 15,
2026
|
|
240
|
|
$50
|
|
$ 1,251.19
|
|
6
|
|
GTE
Corporation
|
|
8.75% Debentures due
2021*
|
|
362320AT0
|
|
$300,000,000
|
|
FIT1
|
|
1.125% due Feb. 28,
2021
|
|
150
|
|
$50
|
|
$ 1,301.98
|
|
7
|
|
Verizon
Communications Inc.
|
|
7.75% Notes due
2030
|
|
92344GAM8/ 92344GAC0/ USU92207AC07
|
|
$1,206,196,000
|
|
FIT1
|
|
1.625% due Feb. 15,
2026
|
|
245
|
|
$50
|
|
$ 1,372.06
|
|
8
|
|
Verizon
Communications Inc.
|
|
6.55% Notes due
2043
|
|
92343VBT0
|
|
$6,585,304,000
|
|
FIT1
|
|
3.000% due Nov. 15,
2045
|
|
220
|
|
$50
|
|
$ 1,251.06
|
|
9
|
|
Verizon
Communications Inc.
|
|
6.40% Notes due
2033
|
|
92343VBS2
|
|
$2,195,974,000
|
|
FIT1
|
|
3.000% due Nov. 15,
2045
|
|
210
|
|
$50
|
|
$ 1,190.23
|
|
10
|
|
Alltel
Corporation
|
|
6.80% Debentures due
2029
|
|
020039AJ2
|
|
$234,621,000
|
|
FIT1
|
|
1.625% due Feb. 15,
2026
|
|
245
|
|
$50
|
|
$ 1,247.89
|
|
11
|
|
Verizon
Communications Inc.
|
|
6.90% Notes due
2038
|
|
92343VAP9
|
|
$476,578,000
|
|
FIT1
|
|
3.000% due Nov. 15,
2045
|
|
250
|
|
$50
|
|
$ 1,224.40
|
|
12
|
|
Verizon
Communications Inc.
|
|
6.250% Notes due
2037
|
|
92343VAF1
|
|
$750,000,000
|
|
FIT1
|
|
3.000% due Nov. 15,
2045
|
|
240
|
|
$50
|
|
$ 1,149.96
|
|
13
|
|
Verizon
Communications Inc.
|
|
6.40% Notes due
2038
|
|
92343VAK0
|
|
$866,375,000
|
|
FIT1
|
|
3.000% due Nov. 15,
2045
|
|
250
|
|
$50
|
|
$ 1,158.45
|
|
14
|
|
Verizon
Communications Inc.
|
|
5.85% Notes due
2035
|
|
92344GAX4
|
|
$1,500,000,000
|
|
FIT1
|
|
3.000% due Nov. 15,
2045
|
|
220
|
|
$50
|
|
$ 1,120.91
|
|
15
|
|
Verizon
Communications Inc.
|
|
6.00% Notes due
2041
|
|
92343VAW4
|
|
$1,000,000,000
|
|
FIT1
|
|
3.000% due Nov. 15,
2045
|
|
235
|
|
$50
|
|
$ 1,137.12
|
|
16
|
|
Verizon
Communications Inc.
|
|
5.15% Notes due
2023
|
|
92343VBR4
|
|
$8,516,519,000
|
|
FIT1
|
|
1.625% due Feb. 15,
2026
|
|
110
|
|
$50
|
|
$ 1,146.04
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)
|
Per $1,000 principal
amount of Notes validly tendered and not validly withdrawn at or
prior to the Early Participation Time.
|
|
|
(2)
|
Per $1,000 principal
amount of Notes, assuming that the Reference Yield (as defined in
the Offer to Purchase) had been measured at 11:00 a.m., New
York City time, on March 3, 2016 and assuming a hypothetical
settlement date of April 4, 2016. The hypothetical Total
Consideration includes the Early Tender Premium and excludes
accrued and unpaid interest.
|
|
|
*
|
Denotes a series of
Notes, a portion of which is held in physical certificated form
(such portion, the "Certificated Notes") and is not held through
The Depository Trust Company ("DTC"). Such Certificated Notes
may only be tendered in accordance with the terms and conditions of
the Letter of Transmittal (as defined in the Offer to
Purchase). With respect to the Certificated Notes, all
references to the Offer to Purchase herein shall also include the
Letter of Transmittal.
|
Pursuant to the Consent Solicitation, Verizon is soliciting
consents from holders of each series of the Group 1 Any and All
Notes to amend the indenture governing the Group 1 Any and All
Notes (the "Verizon Communications Indenture") in order to shorten
the minimum period for giving notice to holders of such series of
Group 1 Any and All Notes of a redemption from 30 days to three
business days prior to a redemption date (the "Proposed
Amendment").
The Offers and the Consent Solicitation are each subject to the
terms and conditions, including a "Sale Condition" (as defined
below), set forth in the offer to purchase, dated March 4, 2016, relating thereto (the "Offer to
Purchase").
Holders whose Notes are validly tendered at or prior to
5:00 p.m., New York City time, on March 17, 2016, (the "Early Participation Time,"
unless extended or earlier terminated by Verizon in its sole
discretion), and accepted for purchase will receive the Total
Consideration, which includes the early tender premium (the "Early
Tender Premium") as specified in the tables above. Holders
who validly tender their Notes after the Early Participation Time
but at or prior to 5:00 p.m.,
New York City time, on
April 1, 2016 (the "Expiration Time,"
unless extended or earlier terminated by Verizon in its sole
discretion) will receive the applicable Tender Offer Consideration
(as described below), if such Notes are accepted for
purchase. The Tender Offer Consideration for each series of
Notes validly tendered after the Early Participation Time and at or
prior to the Expiration Time will equal the applicable Total
Consideration minus the applicable Early Tender Premium for such
series. In each case, Verizon will pay accrued and unpaid
interest on such series of Notes accepted for purchase from and
including the last interest payment date for such series of Notes
to, but not including, the settlement date.
Notes validly tendered may be validly withdrawn at any time at
or prior to 5:00 p.m., New York City time, on March 17, 2016, unless extended by Verizon in its
sole discretion (such date and time, as the same may be extended,
the "Withdrawal Time"). Notes may not be validly withdrawn
after the Withdrawal Time.
The Total Consideration for each series of Notes is intended to
result in a yield to maturity of such Notes equal to the yield to
maturity of the applicable UST reference security specified in the
tables above, based on the bid-side price of such UST reference
security as displayed on the Bloomberg Reference Page specified in
the tables above as of 11:00 a.m.,
New York City Time, on Friday, March 18,
2016 (the "Price Determination Time"), plus the applicable
fixed spread specified in the tables above.
Verizon will accept for purchase up to $4,000,000,000 aggregate purchase price,
excluding accrued and unpaid interest and any fees or commissions,
of Waterfall Notes validly tendered and not validly withdrawn in
accordance with the "Acceptance Priority Levels" set forth in the
table above. Moreover, all Waterfall Notes, regardless of
Acceptance Priority Level, that are validly tendered and not
validly withdrawn at or before the Early Participation Time will
have priority over Waterfall Notes that are tendered after the
Early Participation Time and at or prior to the Expiration Time
(such priority referred to herein as "Early Tender
Priority"). If the aggregate purchase price (excluding
accrued and unpaid interest and any fees or commissions) of
Waterfall Notes that are validly tendered and not validly withdrawn
at or prior to the Early Participation Time exceeds the Waterfall
Cap, then Verizon will accept for purchase validly tendered and not
validly withdrawn Waterfall Notes up to the Waterfall Cap in
accordance with the Acceptance Priority Levels, with Acceptance
Priority Level 1 being the highest priority level, and will only
prorate the series of Waterfall Notes of the lowest Acceptance
Priority Level accepted for purchase. Verizon will not thereafter
accept any Waterfall Notes tendered after the Early Participation
Time. In the event the aggregate purchase price (excluding
accrued and unpaid interest and any fees or commissions) of
Waterfall Notes that are validly tendered and not validly withdrawn
at or prior to the Early Participation Time exceeds the Waterfall
Cap, Verizon will cause the Waterfall Notes it does not intend to
accept for purchase to be unblocked by DTC promptly following the
Early Participation Time or promptly returned in the case of
Certificated Notes. However, if the aggregate purchase price
(excluding accrued and unpaid interest and any fees or commissions)
of Waterfall Notes that are validly tendered and not validly
withdrawn at or prior to the Early Participation Time does not
exceed the Waterfall Cap, then Verizon will accept for purchase all
Waterfall Notes validly tendered at or prior to the Early
Participation Time and shall continue to accept in numerical
priority of Acceptance Priority Level only those Waterfall Notes
validly tendered after the Early Participation Time and at or prior
to the Expiration Time for which the aggregate purchase price
(excluding accrued and unpaid interest and any fees or
commissions), when added to the aggregate purchase price (excluding
accrued and unpaid interest and any fees or commissions) of the
Waterfall Notes validly tendered at or prior to the Early
Participation Time, does not exceed the Waterfall Cap. In
this case, Verizon will only prorate the series of Waterfall Notes
of the lowest Acceptance Priority Level that are validly tendered
after the Early Participation Time and are accepted for
purchase. Waterfall Notes with a lower Acceptance Priority
Level than the prorated series of Waterfall Notes will not be
accepted for purchase. If proration of a series of Waterfall
Notes is required, such Waterfall Notes will be purchased based on
the aggregate principal amount tendered for that series, rounded
down to the nearest integral multiple of $1,000 and taking into account minimum authorized
denominations. Depending on the amount tendered and the
proration factor applied, if the principal amount of Notes that are
unaccepted and returned to a holder as a result of proration would
result in less than the minimum authorized denomination being
returned to such holder, Verizon will accept all of such holder's
validly tendered Notes. If proration of a series of Waterfall
Notes is required, Verizon will determine the final proration
factor as soon as practicable following the Early Participation
Time or the Expiration Time, as applicable.
Holders of Group 1 Any and All Notes that validly tender and do
not validly withdraw such Group 1 Any and All Notes will be deemed
to have delivered their consents to the Proposed Amendment by
virtue of such tender. Adoption of the Proposed Amendment
with respect to any series of Group 1 Any and All Notes requires
the consent of the holders of more than a majority of the
outstanding principal amount of such series (excluding any notes
owned by Verizon or its affiliates) (the "Requisite
Consents"). A valid tender of a particular series of Group 1
Any and All Notes will be deemed to be a delivery of valid consent
with respect to the Proposed Amendment with respect to such series
of Group 1 Any and All Notes. A valid withdrawal of
previously tendered Group 1 Any and All Notes at or prior to the
Withdrawal Time will constitute the concurrent valid revocation of
such holder's related consent with respect to such Group 1 Any and
All Notes. Holders may not validly revoke a consent unless
they validly withdraw their previously tendered Group 1 Any and All
Notes, and holders may not deliver consents with respect to any
series of Group 1 Any and All Notes without tendering Group 1 Any
and All Notes. Promptly after the Expiration Time, Verizon
will execute a supplement to the Verizon Communications Indenture
with respect to all series of Group 1 Any and All Notes for which
it has received the Requisite Consents (the "Supplemental
Indenture") in order to give effect to the Proposed
Amendment.
Assuming the Sale Condition is satisfied, Verizon intends, but
is not obligated, to issue a redemption notice, after the
Expiration Time, for all Group 1 Any and All Notes not tendered
pursuant to the Group 1 Any and All Offer. Verizon expects to
redeem such remaining Group 1 Any and All Notes at a price equal to
par plus the applicable make-whole premium amount for the
applicable series of Group 1 Any and All Notes, plus accrued and
unpaid interest thereon from the last interest payment to, but not
including the redemption date, as provided for in the Verizon
Communications Indenture.
Upon the terms and conditions described in the Offer to
Purchase, payment for Notes accepted for purchase will be made
promptly after the Expiration Time.
The Offer for each series of Notes is conditioned upon the
satisfaction of certain conditions, including the closing of the
sale of Verizon's local exchange and related business assets in
California, Florida and Texas (the "Frontier Sale") and Verizon's
receipt of at least $9.5 billion of
purchase price cash at closing (the "Sale Condition"). The
Group 1 Any and All Offer is not conditioned on receipt of the
Requisite Consents.
To the extent Verizon is legally permitted to do so, Verizon
expressly reserves the absolute right to, with respect to one or
more series of Notes: (i) terminate any Offer or the Consent
Solicitation with respect to one or more series of Notes and
promptly return all tendered Notes of such series to the respective
tendering holders; (ii) modify, extend or otherwise amend
any Offer or the Consent Solicitation with respect to one or more
series of Notes and retain all tendered Notes of such series until
the Expiration Time, as extended, subject, however, to the
withdrawal rights of holders; or (iii) waive the unsatisfied
conditions with respect to one or more series of Notes of any Offer
or the Consent Solicitation and accept all such Notes tendered and
not previously validly withdrawn, in each case, in accordance with
the terms set forth in the Offer to Purchase. Any waiver,
extension, termination, or other amendment of any Offer or the
Consent Solicitation with respect to one or more series of Notes
shall have no effect on any other Offer or the Consent Solicitation
with respect to any other series of Notes unless Verizon has made
such same waiver, extension, termination, or other amendment to
such other Offer or the Consent Solicitation with respect to such
other series of Notes. If Verizon makes a material change in
the terms of an Offer or the Consent Solicitation with respect to
one or more series of Notes, Verizon will disseminate additional
materials or, if appropriate, issue a press release setting forth
such changes, and will extend the affected Offers or the Consent
Solicitation with respect to such affected Notes to the extent
required by law.
If Verizon terminates any Offer with respect to one or more
series of Notes, it will give prompt notice to the Depositary, and
all Notes tendered pursuant to such terminated Offer will be
returned promptly to the tendering holders thereof. With
effect from such termination, any Notes blocked in DTC will be
released or returned in the case of any tendered Certificated
Notes.
Verizon has retained Goldman, Sachs & Co., RBC Capital
Markets, LLC and Santander Investment Securities Inc. to act as
lead dealer managers (together, the "Lead Dealer Managers") for the
Offers and as lead solicitation agents for the Consent Solicitation
(together the "Lead Solicitation Agents") and Mitsubishi UFJ
Securities (USA), Inc., CastleOak
Securities, L.P., Drexel Hamilton,
LLC, Samuel A. Ramirez &
Company, Inc. and Siebert Brandford
Shank & Co., L.L.C. to act as co-dealer managers (the
"Co-Dealer Managers" and together with the Lead Dealer Managers,
the "Dealer Managers") and co-solicitation agents (the
"Co-Solicitation Agents" and together with the Lead Solicitation
Agents, the "Solicitation Agents") in connection with the Offers
and the Consent Solicitation. Global Bondholder Services
Corporation will act as the Information Agent and the Depositary
for the Offers and the Consent Solicitation. Questions
regarding terms and conditions of the Offers or the Consent
Solicitation should be directed to Goldman, Sachs & Co. at
(800) 828-3182 (toll-free) or (212) 357-1039 (collect), RBC Capital
Markets, LLC at (877) 381-2099 (toll-free) or (212) 618-7822
(collect) or Santander Investment Securities Inc. at 855-404-3636
(toll-free) or 212-940-1442 (collect). Requests for
documentation or for assistance with the procedures for tendering
Notes should be directed to Global Bondholder Services Corporation
at (866) 470-3800 (toll-free) or (212) 430-3774
(collect).
This announcement is for informational purposes only. This
announcement is not an offer to purchase or a solicitation of an
offer to purchase or a solicitation of consents with respect to any
Notes. The Offers and the Consent Solicitation are being made
solely pursuant to the Offer to Purchase and related
documents. The Offers and the Consent Solicitation are not
being made to holders of 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 and the Consent Solicitation to be made by a
licensed broker or dealer, the Offers and the Consent Solicitation
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.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) employs a diverse
workforce of 177,700 and generated nearly $132 billion in 2015 revenues. Verizon operates
America's most reliable wireless network, with more than 112
million retail connections nationwide. Headquartered in
New York, the company also
provides communications and entertainment services over America's
most advanced fiber-optic network, and delivers integrated business
solutions to customers worldwide.
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 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.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive
speeches and biographies, media contacts and other information are
available at Verizon's online News Center at www.verizon.com/news/.
News releases are also available through an RSS feed. To subscribe,
visit www.verizon.com/about/rss-feeds/.
Media contact:
Bob
Varettoni
908-559-6388
robert.a.varettoni@verizon.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/verizon-announces-tender-offers-for-34-tranches-of-notes-issued-by-verizon-and-its-subsidiaries-300231132.html
SOURCE Verizon