Verizon to Redeem $1.75 Billion of 4.125% Notes on December 23, Ahead of March 2027 Maturity
Verizon Communications Inc., based in New York, announced on November 9 that it will redeem, in whole, its outstanding 4.125% notes on December 23, 2026. The notes carry $1,750,000,000 in outstanding principal and were originally due March 16, 2027.
The redemption price will be equal to the greater of (i) 100% of the principal amount being redeemed, or (ii) the sum of the present values of the remaining scheduled payments of principal and interest, discounted to the redemption date on a semiannual basis at the Treasury Rate plus 25 basis points. In either case, accrued and unpaid interest to the redemption date will be added. The price will be calculated on the third business day preceding the redemption date, in accordance with the terms of the notes.
The notes are identified by CUSIP 92343V DY7, ISIN US92343VDY74 and Common Code 158300761. Questions about the notice of redemption should be directed to the paying agent, U.S. Bank Trust Company, National Association, in Edison, New Jersey.
(Source: Verizon)
Source: Verizon Communications Inc
Published by GSM · USA (original Chinese edition)
Photo: 图：位于弗吉尼亚州 Richmond 的 Verizon 大楼。Paul Sableman 摄，CC BY 2.0，经 Wikimedia Commons。 / Photo: The Verizon Building in Richmond, Virginia. By Paul Sableman, CC BY 2.0, via Wikimedia Commons.
