Verizon Completes $1.86B Debt Tender Offer, Amends Covenants on Six Note Series
Summary
Verizon announced the final results of its tender offers and consent solicitations, accepting $1.857 billion in debt notes. This follows the commencement of these offers announced on May 11th. The successful completion allows Verizon to repurchase debt and eliminate restrictive covenants on six series of notes, enhancing its financial flexibility.
At the time of this announcement, VZ was trading at $46.73 on NYSE in the Technology sector, with a market capitalization of approximately $195.1B. The 52-week trading range was $38.39 to $51.68. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.