Verizon Communications Inc. has announced the preliminary pricing for two series of Senior Unsecured Notes under its Verizon InterNotes program. The first series, with CUSIP Number 92346MNX5, offers a fixed coupon rate of 4.050% and matures on September 15, 2029. The notes are callable at 100% starting from September 15, 2025. The second series, CUSIP Number 92346MNY3, has a fixed coupon rate of 5.100% and a longer maturity date of September 15, 2054, with the notes being callable at 100% from September 15, 2026. Both series will pay coupons semi-annually and have a survivor's option. The offering period for these notes is from September 16, 2024, to September 23, 2024, with a trade date set for September 23, 2024, at 12:00 PM ET and a settlement date of September 26, 2024. The notes will be offered in minimum denominations of $1,000 and...Show More

Verizon Communications Inc. has announced the preliminary pricing for two series of Senior Unsecured Notes under its Verizon InterNotes program. The first series, with CUSIP Number 92346MNX5, offers a fixed coupon rate of 4.050% and matures on September 15, 2029. The notes are callable at 100% starting from September 15, 2025. The second series, CUSIP Number 92346MNY3, has a fixed coupon rate of 5.100% and a longer maturity date of September 15, 2054, with the notes being callable at 100% from September 15, 2026. Both series will pay coupons semi-annually and have a survivor's option. The offering period for these notes is from September 16, 2024, to September 23, 2024, with a trade date set for September 23, 2024, at 12:00 PM ET and a settlement date of September 26, 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 delivery of the notes is expected to be made on or about the settlement date, and purchasers wishing to trade the notes prior to delivery are advised to arrange an alternate settlement to avoid failed settlement.