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Verizon | 424B2: Prospectus

SEC ·  Sep 16 14:52

Summary by Moomoo AI

Verizon Communications Inc. has successfully priced two sets of senior unsecured notes under its Verizon InterNotes program, according to a Pricing Supplement filed under Rule 424(b)(2). The first set of notes, with a CUSIP number of 92346MNV9, has a principal amount of $708,000.00, a selling price of 100%, a gross concession of 1.250%, and net proceeds of $699,150.00. These notes carry a fixed coupon rate of 4.150%, payable semi-annually, with a maturity date of 09/15/2029. The first coupon payment is scheduled for 3/15/2025, and the notes are callable at 100% on 9/15/2025 with 10 days' notice. The second set, CUSIP number 92346MNW7, has a principal amount of $3,131,000.00, a selling price of 100%, a gross concession of 3.150%, and net proceeds of $3,032,373.50. These notes have a fixed coupon rate of 5.150%, also payable semi-annually...Show More
Verizon Communications Inc. has successfully priced two sets of senior unsecured notes under its Verizon InterNotes program, according to a Pricing Supplement filed under Rule 424(b)(2). The first set of notes, with a CUSIP number of 92346MNV9, has a principal amount of $708,000.00, a selling price of 100%, a gross concession of 1.250%, and net proceeds of $699,150.00. These notes carry a fixed coupon rate of 4.150%, payable semi-annually, with a maturity date of 09/15/2029. The first coupon payment is scheduled for 3/15/2025, and the notes are callable at 100% on 9/15/2025 with 10 days' notice. The second set, CUSIP number 92346MNW7, has a principal amount of $3,131,000.00, a selling price of 100%, a gross concession of 3.150%, and net proceeds of $3,032,373.50. These notes have a fixed coupon rate of 5.150%, also payable semi-annually, with a longer maturity date of 09/15/2054, and are callable at 100% on 9/15/2026 with 10 days' notice. The offering period for these notes was from September 10, 2024, to September 16, 2024, with a trade date of September 16, 2024, and a settlement date of September 19, 2024. The notes will be delivered on a T+3 settlement cycle. The joint lead manager and lead agent for the offering was InspereX, with additional agents including BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, and Wells Fargo Advisors.
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