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Verizon | 424B2: Prospectus

SEC ·  Jun 11, 2024 03:19

Summary by Moomoo AI

Verizon Communications Inc. has announced the preliminary pricing for its Senior Unsecured Notes under Rule 424(b)(2) with the offering set to take place from June 10, 2024, to June 17, 2024. The notes, identified by CUSIP numbers 92346MNM9 and 92346MNN7, will have fixed coupon rates of 5.000% and 5.150% respectively, with semi-annual payments. The first coupon dates are scheduled for December 15, 2024, with the maturity dates set for June 15, 2029, and June 15, 2034. The notes are callable at 100% starting from June 15, 2025, and June 15, 2026, respectively, with a 10-day notice period. The trade date is confirmed for June 17, 2024, with settlement on June 21, 2024. The notes will be offered at a 100% selling price with concessions of 1.250% and 1.800%. The minimum denomination for the notes is set at $1,000.00 with increments of the same amount. Verizon has...Show More
Verizon Communications Inc. has announced the preliminary pricing for its Senior Unsecured Notes under Rule 424(b)(2) with the offering set to take place from June 10, 2024, to June 17, 2024. The notes, identified by CUSIP numbers 92346MNM9 and 92346MNN7, will have fixed coupon rates of 5.000% and 5.150% respectively, with semi-annual payments. The first coupon dates are scheduled for December 15, 2024, with the maturity dates set for June 15, 2029, and June 15, 2034. The notes are callable at 100% starting from June 15, 2025, and June 15, 2026, respectively, with a 10-day notice period. The trade date is confirmed for June 17, 2024, with settlement on June 21, 2024. The notes will be offered at a 100% selling price with concessions of 1.250% and 1.800%. The minimum denomination for the notes is set at $1,000.00 with increments of the same amount. Verizon has appointed InspereX as the Joint Lead Manager and Lead Agent, with additional agents including BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, and Wells Fargo Advisors. The notes will initially settle in T+3, and purchasers wishing to trade before delivery must arrange an alternate settlement to avoid failed transactions. The Verizon InterNotes® 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.

This announcement is a separate document:

Doc 1

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