Verizon Announces Pricing Terms for Private Exchange Offers of Debt Securities Amid $2.5 Billion Cap on New Notes Issuance

Reuters
06-19
Verizon Announces Pricing Terms for Private Exchange Offers of Debt Securities Amid $2.5 Billion Cap on New Notes Issuance

New York, June 18, 2025 (GLOBE NEWSWIRE) -- Verizon Communications Inc. has announced the pricing terms of its private exchange offers for 10 series of notes. The company is looking to exchange its outstanding notes for newly issued debt securities. The New Notes due 2037 have a coupon rate of 5.401% and are set against a reference U.S. Treasury security with a yield of 4.351%. The fixed spread is set at +105 basis points. Verizon has set a Minimum Issue Requirement, indicating that the exchange offers will not be completed if the aggregate principal amount of New Notes issued is less than $750 million. More details can be accessed in the full prospectus at https://gbsc-usa.com/eligibility/verizon.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Verizon Communications Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9471006-en) on June 18, 2025, and is solely responsible for the information contained therein.

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