Summary by Futu AI
Verizon Communications Inc. has announced the preliminary pricing for its Senior Unsecured Notes under Rule 424(b)(2) with the offering set to take place from May 13, 2024, to May 20, 2024. Two sets of notes have been detailed, with CUSIP numbers 92346MNF4 and 92346MNG2, both offering fixed coupon rates of 5.000% and 5.150% respectively, and are callable at 100% with notice post certain dates. The notes are to be sold at 100% of their principal amount, with the first set maturing on May 15, 2029, and the second on May 15, 2034. The first coupon payment for both is scheduled for November 15, 2024. Verizon has appointed InspereX as the Joint Lead Manager and Lead Agent, with additional agents including BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, and Wells Fargo Advisors. The notes will be offered in minimum denominations of $1,000 and will settle through DTC Book Entry only. The trade date is set for May 20, 2024, with settlement occurring on May 23, 2024.