06:16 AM EST, 11/08/2024 (MT Newswires) -- Verizon Communications ( VZ ) launched separate offers to purchase up to $3.5 billion worth of outstanding debt securities in six series, the company said late Thursday.

The offers call for the purchase of 3.376% notes due 2025, floating rate notes due 2025, 0.85% notes due 2025, 1.45% notes due 2026, floating rate notes due 2026, and 2.625% notes due 2026.

The offers are set to expire on Dec. 9, with an early participation period until Nov. 21.

The company said it will pay a fee of $50 per $1,000 principal amount of notes tendered within the early participation period as part of the total consideration.

The company will pay accrued and unpaid interest, plus total or tender consideration for the notes. The floating rate notes due 2025 and 2026 have a total consideration of $1,010 and $1,012.50 per $1,000 of notes, respectively.

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