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Verizon | 424B2: Prospectus

SEC announcement ·  Jun 18 02:10
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 10, 2024, to June 17, 2024, included two tranches of notes. The first tranche, with a CUSIP number of 92346MNM9, raised $1,322,000.00 at a fixed coupon rate of 5.000%, maturing on June 15, 2029. The second tranche, CUSIP number 92346MNN7, raised $1,038,000.00 at a fixed coupon rate of 5.150%, maturing on June 15, 2034. Both tranches offer semi-annual coupon payments and feature a survivor's option. The notes are callable at 100% starting from June 15, 2025, for the first tranche, and from June 15, 2026, for the second, with a 10-day notice period. The trade date was set for June 17, 2024, with settlement scheduled for June 21, 2024, following a T+3 settlement cycle. The notes were offered in minimum denominations of $1,000 and were managed by a syndicate of agents led by InspereX, with participation from BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, and Wells Fargo Advisors.
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 10, 2024, to June 17, 2024, included two tranches of notes. The first tranche, with a CUSIP number of 92346MNM9, raised $1,322,000.00 at a fixed coupon rate of 5.000%, maturing on June 15, 2029. The second tranche, CUSIP number 92346MNN7, raised $1,038,000.00 at a fixed coupon rate of 5.150%, maturing on June 15, 2034. Both tranches offer semi-annual coupon payments and feature a survivor's option. The notes are callable at 100% starting from June 15, 2025, for the first tranche, and from June 15, 2026, for the second, with a 10-day notice period. The trade date was set for June 17, 2024, with settlement scheduled for June 21, 2024, following a T+3 settlement cycle. The notes were offered in minimum denominations of $1,000 and were managed by a syndicate of agents led by InspereX, with participation from BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, and Wells Fargo Advisors.
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