Verizon to repurchase debt securities on May 10, 2021
NEW YORK – Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) announced today that it will redeem the following tickets on May 10, 2021 (the “Redemption Date”):
|ID number||Security title||Principal amount outstanding|
CUSIP: 92343V DM3 /
|2.946% Notes maturing in 2022 (the “Notes”)||$ 713,343,000|
The redemption price of the Notes will be equal to the greater of (i) 100% of the principal amount of the Notes being redeemed, or (ii) the sum of the present values of the remaining expected payments of principal and interest on the Notes in redemption price (excluding accrued interest up to the Redemption Date), as the case may be, updated on the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Rate of the Treasury (as defined in the Notes) plus 15 basis points (the “Redemption Price”), plus, in both cases, accrued and unpaid interest on the principal amount reimbursed up to the Redemption Date, but excluding. The Redemption Price will be calculated in accordance with the terms of the Notes on the third Business Day (as defined in the Notes) prior to the Redemption Date.
Questions regarding the Notice of Redemption and related documents should be directed to the Paying Agent: US Bank National Association, Attn: Corporate Trust Services, 111 Fillmore Ave E, St. Paul, MN 55107, or by telephone at 1 -800-934 -6802.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was incorporated on June 30, 2000 and is a leading global provider of technology, communications, information and entertainment products and services. Based in New York City and with a worldwide presence, Verizon generated sales of $ 128.3 billion in 2020. The company provides data, video and voice services and solutions over its networks and platforms. – Award-winning forms, meeting customer demand for mobility, reliable network connectivity, security and control.