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 period set from August 6, 2024, to August 12, 2024. The notes, with CUSIP numbers 92346MNR8 and 92346MNS6, have fixed coupon rates of 4.450% and 5.000% respectively, payable semi-annually, and are callable at 100% with notice. The first coupon dates are set for February 15, 2025, with amounts of $22.25 and $25.00 respectively. The maturity dates for the notes are August 15, 2029, and August 15, 2036. The notes will be sold at 100% of the principal amount with a selling concession of 1.250% and 2.000%. Trades will initially settle in T+3 with delivery expected on or about August 15, 2024. The notes will be represented by a Master Note in fully registered form, deposited with DTC. InspereX is the joint lead manager and lead agent, with additional agents including BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, and Wells Fargo Advisors.
