What changed
As of the September 14, 2026 Early Tender Deadline, holders tendered $5,897,126,000 in aggregate principal across 20 series of OpCo notes, far exceeding the $2 billion Aggregate Maximum Tender Amount. The largest tenders were $1,042,539,000 of 5.050% Senior Notes due 2034, $862,308,000 of 5.700% Senior Notes due 2054, and $472,793,000 of 3.100% Senior Notes due 2030. Because tenders exceed the cap, acceptance will follow the stated Acceptance Priority Levels, with proration likely for notes at the lowest accepted level.
Why it matters
As of the September 14, 2026 Early Tender Deadline, holders tendered $5,897,126,000 in aggregate principal across 20 series of OpCo notes, far exceeding the $2 billion Aggregate Maximum Tender Amount.