Verizon Communications Inc. has successfully issued two sets of Senior Unsecured Notes under its Verizon InterNotes program, as detailed in its Pricing Supplement No. 157 filed under Rule 424(b)(2). The offering, which took place from April 29, 2024, to May 6, 2024, included a $1,311,000.00 tranche with a 5.100% coupon rate maturing on May 15, 2029, and a $508,000.00 tranche with a 5.300% coupon rate maturing on May 15, 2034. Both tranches offer semi-annual coupon payments and feature a survivor's option. The notes were priced at 100% of the principal amount, with the first tranche having a gross concession of 1.250% and net proceeds of $1,294,612.50, while the second tranche had a gross concession of 1.800% and net proceeds of $498,856.00. The notes are callable at 100% starting on May 15, 2025, for the first tranche, and May 15, 2026, for...Show More

Verizon Communications Inc. has successfully issued two sets of Senior Unsecured Notes under its Verizon InterNotes program, as detailed in its Pricing Supplement No. 157 filed under Rule 424(b)(2). The offering, which took place from April 29, 2024, to May 6, 2024, included a $1,311,000.00 tranche with a 5.100% coupon rate maturing on May 15, 2029, and a $508,000.00 tranche with a 5.300% coupon rate maturing on May 15, 2034. Both tranches offer semi-annual coupon payments and feature a survivor's option. The notes were priced at 100% of the principal amount, with the first tranche having a gross concession of 1.250% and net proceeds of $1,294,612.50, while the second tranche had a gross concession of 1.800% and net proceeds of $498,856.00. The notes are callable at 100% starting on May 15, 2025, for the first tranche, and May 15, 2026, for the second, with a 10-day notice period. The trade date was set for May 6, 2024, with settlement on May 9, 2024. The offering was managed by InspereX with several notable agents including BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, and Wells Fargo Advisors. The notes will be represented by a Master Note in fully registered form, to be deposited with DTC or another depository as named in a subsequent pricing supplement.