NEW YORK, October 13, 2021 (GLOBE NEWSWIRE) – Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) today announced that it will redeem the following Notes on November 12, 2021 (the “Redemption Date “):
|ID number||Security title||The principal amount Exceptional|
|CUSIP: 92343V BY9
|4.15% Bonds due 2024 (the “Bonds”)||$ 477,596,000|
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 on the Redemption Date) discounted on the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the Notes) increased by 25 points (the “Redemption Price”), plus, in both cases, accrued and unpaid interest on the principal amount reimbursed up to the Redemption Date, but to the exclusion. 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 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.
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In this communication, we have made forward-looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward-looking statements include information about our possible or expected future operating results. Forward-looking statements also include those preceded or followed by the words “anticipates”, “believes”, “estimates”, “expects”, “hopes”, “forecasts”, “plans” or similar expressions. We assume no obligation to review or publish the results of any revision of these forward-looking statements, except as required by law. In view of these risks and uncertainties, readers are cautioned not to place undue reliance on these forward-looking statements. The following important factors, as well as those discussed in our filings with the Securities and Exchange Commission (the “SEC”), could affect future results and could cause such results to differ materially from those expressed in forward-looking statements: our networks or systems and any resulting financial or reputational impact; natural disasters, terrorist attacks or acts of war or significant litigation and any resulting financial or reputational impact; the impact of the COVID-19 pandemic on our operations, our employees and the way our customers use our networks and other products and services; disruption of the supply of products or services by our major suppliers or suppliers, including due to the COVID-19 pandemic; material adverse changes in the workforce and any resulting financial or operational impact; the effects of competition in the markets in which we operate; the inability to take advantage of technological developments and respond to changing consumer demand; performance issues or delays in the deployment of our 5G network resulting in significant costs or reduced benefits expected from improving our networks; failure to implement our business strategy; unfavorable conditions in the United States and in international economies; changes in the regulatory environment in which we operate, including any increase in restrictions on our ability to operate our networks or businesses; our high level of debt; an adverse change in the ratings given to our debt securities by nationally accredited rating organizations or adverse credit market conditions affecting the cost, including interest rates, and / or the availability of funding additional; significant increases in benefit plan costs or lower returns on investments in plan assets; changes in tax laws or treaties, or in their interpretation; and changes in accounting assumptions that regulators, including the SEC, may require or that result from changes in accounting rules or their application, which could impact results.