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 19, 2024, to August 26, 2024. The notes, identified by CUSIP numbers 92346MNT4 and 92346MNU1, will have fixed coupon rates of 4.400% and 4.900% respectively, with semi-annual payments. The first coupon dates are scheduled for February 15, 2025, with the maturity dates set for August 15, 2029, and August 15, 2036. The notes are callable at 100% starting from August 15, 2025, and August 15, 2026, respectively, with a 10-day notice period. The trade date is set for August 26, 2024, with settlement on August 29, 2024. The notes will be offered in minimum denominations of $1,000 and will initially settle through DTC Book Entry only. 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. The offering is part of the Verizon InterNotes® program and will be represented by a Master Note in fully registered form.
