share_log

Verizon | 424B2: Prospectus

SEC ·  Sep 24, 2024 04:14

Summary by Futu AI

Verizon Communications Inc. has successfully priced its offering of Senior Unsecured Notes under Rule 424(b)(2) with the sale concluding on September 23, 2024. The offering includes two tranches of notes: CUSIP 92346MNX5 with a principal amount of $1,853,000 at a fixed coupon rate of 4.050%, maturing on September 15, 2029, and CUSIP 92346MNY3 with a principal amount of $3,279,000 at a fixed coupon rate of 5.100%, maturing on September 15, 2054. Both tranches offer semi-annual coupon payments and feature a Survivor’s Option. The notes are callable at 100% with notice periods starting from September 15, 2025, and September 15, 2026, respectively. The offering was managed by a syndicate of banks including InspereX as the Joint Lead Manager and Lead Agent, with BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, and Wells Fargo Advisors as agents. The trade date was set for September 23, 2024, with settlement scheduled for September 26, 2024, following a T+3 settlement cycle. The notes were offered in minimum denominations of $1,000 and will be represented by a Master Note in fully registered form, to be deposited with DTC or another depository.
Verizon Communications Inc. has successfully priced its offering of Senior Unsecured Notes under Rule 424(b)(2) with the sale concluding on September 23, 2024. The offering includes two tranches of notes: CUSIP 92346MNX5 with a principal amount of $1,853,000 at a fixed coupon rate of 4.050%, maturing on September 15, 2029, and CUSIP 92346MNY3 with a principal amount of $3,279,000 at a fixed coupon rate of 5.100%, maturing on September 15, 2054. Both tranches offer semi-annual coupon payments and feature a Survivor’s Option. The notes are callable at 100% with notice periods starting from September 15, 2025, and September 15, 2026, respectively. The offering was managed by a syndicate of banks including InspereX as the Joint Lead Manager and Lead Agent, with BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, and Wells Fargo Advisors as agents. The trade date was set for September 23, 2024, with settlement scheduled for September 26, 2024, following a T+3 settlement cycle. The notes were offered in minimum denominations of $1,000 and will be represented by a Master Note in fully registered form, to be deposited with DTC or another depository.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.