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.
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