Summary by Moomoo AI
Verizon Communications Inc. has successfully priced its offering of Senior Unsecured Notes under its Verizon InterNotes program, according to a Pricing Supplement filed under Rule 424(b)(2). The offering, which took place from June 10, 2024, to June 17, 2024, included two tranches of notes. The first tranche, with a CUSIP number of 92346MNM9, raised $1,322,000.00 at a fixed coupon rate of 5.000%, maturing on June 15, 2029. The second tranche, CUSIP number 92346MNN7, raised $1,038,000.00 at a fixed coupon rate of 5.150%, maturing on June 15, 2034. Both tranches offer semi-annual coupon payments and feature a survivor's option. The notes are callable at 100% starting from June 15, 2025, for the first tranche, and from June 15, 2026, for the second, with a 10-day notice period. The trade date was set for June 17, 2024, with settlement scheduled for June 21, 2024, following a T+3 settlement cycle. The notes were offered in minimum denominations of $1,000 and were managed by a syndicate of agents led by InspereX, with participation from BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, and Wells Fargo Advisors.
