Verizon to repurchase debt securities on November 12, 2021


NEW YORK – Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) announced today that it will redeem the following Notes on November 12, 2021 (the “Redemption Date”):

ID number

Security title

Principal amount outstanding

CUSIP: 92343V BY9

ISIN: US92343VBY92

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.

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John A. Bogar

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