VerizonCommunication Verizon to Redeem 1.25% Notes, Due November 3, 2014
August 29 2014 - 8:00AM
UK Regulatory
TIDMVZC
Verizon Communications Inc. to Redeem 1.25% Notes, Due November 3, 2014
NEW YORK, Aug. 29, 2014 -- Verizon Communications Inc. today announced that
it will redeem the entire outstanding principal amount of its $750 million
1.25% Notes, due November 3, 2014 (CUSIP 92343V BB9) (the "Notes"). The
redemption date for the Notes will be September 29, 2014 (the "Redemption Date").
The redemption price for the Notes will be equal to 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), 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 15
basis points (the "Redemption Price"), plus accrued and unpaid interest on the
principal amount to the Redemption Date. The Redemption Price will be
calculated by Verizon Communications Inc. or its agent in accordance with the
terms of the Notes on the third business day preceding the Redemption Date and
will be payable on the Redemption Date.
On the Redemption Date, the Redemption Price will become due and payable and
interest on the Notes will cease to accrue on and after the Redemption Date.
The name and address of the paying agent for the redemption is:
If by Mail If by Hand or Overnight Mail:
U.S. Bank U.S. Bank
Corporate Trust Services Corporate Trust Services
P.O. Box 64111 111 Fillmore Ave E
St. Paul, MN 55164-0111 St. Paul, MN 55107-1402
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a
global leader in delivering broadband and other wireless and wireline
communications services to consumer, business, government and wholesale
customers. Verizon Wireless operates America's most reliable wireless network,
with 104.6 million retail connections nationwide. Verizon also provides
converged communications, information and entertainment services over America's
most advanced fiber-optic network, and delivers integrated business solutions
to customers in more than 150 countries. A Dow 30 company with more than $120
billion in 2013 revenues, Verizon employs a diverse workforce of 177,800. For
more information, visit www.verizon.com.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and
biographies, media contacts and other information are available at Verizon's
online News Center at newscenter.verizon.com. The news releases are available
through an RSS feed. To subscribe, visit newscenter.verizon.com/corporate/feeds.
CONTACT: Bob Varettoni, 908-559-6388, robert.a.varettoni@verizon.com
END
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