Verizon announces tender offers for six series of debt securities
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Verizon Communications Inc. has announced tender offers to purchase up to $3.5 billion of its debt securities, continuing its strategy of debt reduction since its C-Band purchase in 2021.
November 07, 2024 | 9:15 pm
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Verizon is offering to purchase up to $3.5 billion of its debt securities, a move aimed at reducing its leverage. This is part of its ongoing strategy to manage liabilities following its C-Band purchase in 2021.
The tender offers for debt securities indicate Verizon's proactive approach to managing its liabilities and reducing leverage. This is likely to be viewed positively by investors as it shows financial prudence and commitment to strengthening the balance sheet.
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