Verizon to redeem debt securities
October 16 2018 - 8:00AM
Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) today
announced that it will redeem the following notes (the “Notes”) on
November 15, 2018 (the “Redemption Date”):
CUSIP
Number |
|
Title of
Note |
|
Make-WholePremium |
|
Principal
AmountOutstanding |
|
Principal
Amountto be Redeemed |
|
92343V
CB8 |
|
2.55%
Notes due 2019 |
|
15
bps |
|
$ 213,221,000 |
|
$ 213,221,000 |
|
|
|
|
|
|
|
|
|
|
|
The redemption price (the “Redemption Price”) for the Notes will
be equal to the greater of: (1) 100% of the principal amount
of the Notes, or (2) the sum of the present values of the
remaining scheduled payments of principal and interest on the Notes
(exclusive of interest accrued to the Redemption Date), as the case
may be, discounted to 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) plus the make-whole
premium, as set forth in the table above; plus, in either case,
accrued and unpaid interest on the principal amount being redeemed
to, but excluding, the Redemption Date.
The Redemption Price for the Notes will be calculated in
accordance with the terms of the Notes on the third Business Day
(as defined in the Notes) preceding the Redemption Date.
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in
New York City, generated $126 billion in 2017 revenues. The company
operates America’s most reliable wireless network and the nation’s
premier all-fiber network, and delivers integrated solutions to
businesses worldwide. Its Oath subsidiary reaches people around the
world with a dynamic house of media and technology brands.
Cautionary Statement Regarding
Forward-Looking Statements
In this communication we have made forward-looking statements.
These forward-looking statements are not historical facts, but only
predictions and generally can be identified by use of statements
that include phrases such as “will,” “may,” “should,” “continue,”
“anticipate,” “believe,” “expect,” “plan,” “appear,” “project,”
“estimate,” “intend,” or other words or phrases of similar import.
Similarly, statements that describe our objectives, plans or goals
also are forward-looking statements. These forward-looking
statements are subject to risks and uncertainties which could cause
actual results to differ materially from those currently
anticipated. Factors that could materially affect these
forward-looking statements can be found in our periodic reports
filed with the SEC. Eligible holders are urged to consider these
factors carefully in evaluating the forward-looking statements and
are cautioned not to place undue reliance on these forward-looking
statements. The forward-looking statements included in this press
release are made only as of the date of this press release, and we
undertake no obligation to update publicly these forward-looking
statements to reflect new information, future events or otherwise.
In light of these risks, uncertainties and assumptions, the
forward-looking events might or might not occur. We cannot assure
you that projected results or events will be achieved.
VERIZON'S ONLINE MEDIA CENTER: News releases, stories, media
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Media contact:Bob
Varettoni908-559-6388robert.a.varettoni@verizon.com
Verizon Communications (NYSE:VZ)
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