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Verizon | 424B2: Prospectus

SEC ·  Aug 12, 2024 16:31

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 August 6, 2024, to August 12, 2024, included two tranches of notes. The first tranche, with a CUSIP of 92346MNR8, has a principal amount of $212,000.00, a fixed coupon rate of 4.450%, and matures on August 15, 2029. The second tranche, CUSIP 92346MNS6, has a principal amount of $894,000.00, a fixed coupon rate of 5.000%, and matures on August 15, 2036. Both tranches offer a semi-annual coupon payment and feature a survivor's option. The notes are callable at 100% with 10 calendar days notice, starting on August 15, 2025, for the first tranche, and August 15, 2026, for the second. The trade date was set for...Show More
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 August 6, 2024, to August 12, 2024, included two tranches of notes. The first tranche, with a CUSIP of 92346MNR8, has a principal amount of $212,000.00, a fixed coupon rate of 4.450%, and matures on August 15, 2029. The second tranche, CUSIP 92346MNS6, has a principal amount of $894,000.00, a fixed coupon rate of 5.000%, and matures on August 15, 2036. Both tranches offer a semi-annual coupon payment and feature a survivor's option. The notes are callable at 100% with 10 calendar days notice, starting on August 15, 2025, for the first tranche, and August 15, 2026, for the second. The trade date was set for August 12, 2024, with settlement following on August 15, 2024. The notes were offered through a syndicate of agents led by InspereX and including BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, and Wells Fargo Advisors. The notes will settle in T+3, and secondary market trades are required to settle in one business day unless otherwise agreed upon. The offering was part of Verizon's ongoing efforts to manage its capital structure and meet its financial obligations.

This announcement is a separate document:

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