Summary by Futu AI
Verizon Communications Inc. has announced the offering of senior unsecured notes due 2054, with the interest rate and other financial terms to be determined. The notes will be offered under a shelf registration statement previously declared effective by the U.S. Securities and Exchange Commission (SEC). The preliminary prospectus supplement, along with the attached prospectus, is not an offer to sell these securities and is not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted. The offering is subject to completion, with a dated prospectus supplement of February 20, 2024, and the notes are expected to be delivered in book-entry form through The Depository Trust Company and its participants, including Euroclear and Clearstream, on or about a specified date in 2024. Joint Book-Running Managers for the offering include Citigroup, Loop Capital Markets, Morgan Stanley, Ramirez & Co., Inc., and Siebert Williams Shank.