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Verizon | 424B2: Prospectus

SEC ·  Sep 30, 2024 14:18

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 September 23, 2024, to September 30, 2024, included two tranches of notes. The first tranche, with a CUSIP number of 92346MNZ0, has a principal amount of $1,929,000.00, a selling price of 100%, and a fixed coupon rate of 4.050% payable semi-annually until its maturity on October 15, 2029. The second tranche, CUSIP number 92346MPA3, has a principal amount of $2,481,000.00, a selling price of 100%, and a fixed coupon rate of 5.050% payable semi-annually until its maturity on October 15, 2054. Both tranches are callable, with the first callable on October 15, 2025, and the second on October 15, 2026. The notes were offered at a...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 September 23, 2024, to September 30, 2024, included two tranches of notes. The first tranche, with a CUSIP number of 92346MNZ0, has a principal amount of $1,929,000.00, a selling price of 100%, and a fixed coupon rate of 4.050% payable semi-annually until its maturity on October 15, 2029. The second tranche, CUSIP number 92346MPA3, has a principal amount of $2,481,000.00, a selling price of 100%, and a fixed coupon rate of 5.050% payable semi-annually until its maturity on October 15, 2054. Both tranches are callable, with the first callable on October 15, 2025, and the second on October 15, 2026. The notes were offered at a public offering price with a gross concession and net proceeds detailed in the supplement. The trade date was set for September 30, 2024, with settlement on October 3, 2024. The notes will initially settle in T+3, and secondary market trades are required to settle in one business day unless otherwise agreed. The offering was managed by InspereX with several notable agents including BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, and Wells Fargo Advisors.

This announcement is a separate document:

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