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Verizon | 424B2: Prospectus

SEC announcement ·  Jun 11 01:13
Summary by Futu 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 June 3, 2024, to June 10, 2024, includes two tranches of notes. The first tranche, with a CUSIP number of 92346MNK3, has a principal amount of $1,558,000.00, a fixed coupon rate of 5.000%, and matures on June 15, 2029. The second tranche, CUSIP number 92346MNL1, has a principal amount of $328,000.00, a fixed coupon rate of 5.150%, and matures on June 15, 2034. Both tranches offer a semi-annual coupon payment and feature a survivor's option. The notes are callable at 100% starting on June 15, 2025, for the first tranche, and June 15, 2026, for the second, with a 10-day notice period. The trade date was set for June 10, 2024, with settlement scheduled for June 13, 2024, following a T+3 settlement cycle. The notes were offered through a syndicate of agents led by InspereX, with BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, and Wells Fargo Advisors acting as additional agents.
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 June 3, 2024, to June 10, 2024, includes two tranches of notes. The first tranche, with a CUSIP number of 92346MNK3, has a principal amount of $1,558,000.00, a fixed coupon rate of 5.000%, and matures on June 15, 2029. The second tranche, CUSIP number 92346MNL1, has a principal amount of $328,000.00, a fixed coupon rate of 5.150%, and matures on June 15, 2034. Both tranches offer a semi-annual coupon payment and feature a survivor's option. The notes are callable at 100% starting on June 15, 2025, for the first tranche, and June 15, 2026, for the second, with a 10-day notice period. The trade date was set for June 10, 2024, with settlement scheduled for June 13, 2024, following a T+3 settlement cycle. The notes were offered through a syndicate of agents led by InspereX, with BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, and Wells Fargo Advisors acting as additional agents.
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