Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-233608
PROSPECTUS SUPPLEMENT
(To Prospectus Dated September 4, 2019)
1,300,000,000
£550,000,000
Verizon Communications Inc.
800,000,000 0.875% Notes due 2032
500,000,000 1.500% Notes due 2039
£550,000,000 1.875% Notes due 2030
We are offering
800,000,000 of our notes due 2032 (the euro notes due 2032), 500,000,000 of our notes due 2039 (the euro notes due 2039 and, together with the euro notes due 2032, the euro notes) and
£550,000,000 of our notes due 2030 (the sterling notes and, together with the euro notes, the notes). The euro notes due 2032 will bear interest at the rate of 0.875% per year, the euro notes due 2039 will bear
interest at the rate of 1.500% per year and the sterling notes will bear interest at the rate of 1.875% per year.
Interest on the
euro notes due 2032 is payable in arrears on March 19 of each year, beginning on March 19, 2020. Interest on the euro notes due 2039 is payable in arrears on September 19 of each year, beginning on September 19, 2020. Interest on
the sterling notes is payable in arrears on September 19 of each year, beginning on September 19, 2020.
The euro notes due 2032
will mature on March 19, 2032, the euro notes due 2039 will mature on September 19, 2039 and the sterling notes will mature on September 19, 2030.
We may redeem each series of notes, in whole or in part, at any time prior to maturity at the applicable redemption price to be determined using
the procedure described in this prospectus supplement under Description of the NotesRedemption. In addition, each series of notes may be redeemed, at our option, in whole, but not in part, at any time prior to maturity at a price
equal to 100% of the principal amount of such series of notes, plus accrued interest, in the event of certain developments affecting U.S. taxation as described under Description of the NotesTax Redemption.
The notes will be our senior unsecured obligations and will rank equally with all of our unsecured and unsubordinated indebtedness. The euro
notes will be issued in fully registered form and will be offered and sold in minimum denominations of 100,000 and integral multiples of 1,000 in excess of 100,000. The sterling notes will be issued in fully registered form and
will be offered and sold in minimum denominations of £100,000 and integral multiples of £1,000 in excess of £100,000.
Neither the
U.S. Securities and Exchange Commission (SEC) nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or
complete. Any representation to the contrary is a criminal offense.
Investing in the
notes involves risks. See Risk Factors beginning on page S-3 of this prospectus supplement and the risks discussed elsewhere in this prospectus supplement, the accompanying prospectus and the documents and
reports we file with the SEC that are incorporated by reference in this prospectus supplement and the accompanying prospectus.
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euro notes
due 2032
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Total
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euro notes
due 2039
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Total
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sterling
notes
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Total
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Public Offering Price(1)
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99.895%
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799,160,000
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98.823%
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494,115,000
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99.132%
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£
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545,226,000
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Underwriting Discount
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0.375%
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3,000,000
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0.475%
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2,375,000
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0.350%
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£
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1,925,000
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Proceeds to Verizon Communications Inc. (before expenses)
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99.520%
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796,160,000
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98.348%
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491,740,000
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98.782%
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£
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543,301,000
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(1)
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Plus accrued interest, if any, from September 19, 2019, to the date of delivery.
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We intend to apply to list the notes on the New York Stock Exchange (NYSE). We expect trading in the notes on the NYSE to begin
within 30 days after the original issue, but the listing application is subject to review by the NYSE. Currently there is no public market for the notes. If such listing is obtained, we have no obligation to maintain such listing, and we
may delist the notes at any time.
The underwriters are severally underwriting the notes being offered. The underwriters expect to deliver the notes in book-entry form only
through the facilities of Clearstream Banking S.A. (Clearstream) and Euroclear Bank SA/NV, as operator of the Euroclear System (Euroclear and, together with Clearstream, the clearing systems) against payment on or
about September 19, 2019.
Joint Book-Running Managers
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BofA Merrill Lynch
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Credit Suisse
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Goldman Sachs & Co. LLC
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Morgan Stanley
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Co-Managers
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BNP PARIBAS
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ICBC Standard Bank
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TD Securities
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Junior Co-Managers
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Loop Capital Markets
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Ramirez & Co., Inc.
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The Williams Capital Group, L.P.
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September 9, 2019