NEW YORK, Oct. 31, 2017 /PRNewswire/ -- Verizon
Communications Inc. ("Verizon") (NYSE, NASDAQ: VZ) today announced
that it will redeem the following series of notes (the "Notes") on
November 30, 2017 (the "Redemption
Date"):
CUSIP
Number
|
Title of
Note
|
Make-Whole
Premium
|
Principal Amount
Outstanding
|
Principal Amount
to be Redeemed
|
92343V BQ6
|
4.50% Notes due
2020
|
35 bps
|
$
3,510,199,000
|
$
3,510,199,000
|
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, has a diverse
workforce of 160,100 and generated nearly $126 billion in 2016 revenues. Verizon 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 about one billion 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
contacts and other resources are available
at www.verizon.com/about/news/. News releases are also
available through an RSS feed. To subscribe,
visit www.verizon.com/about/rss-feeds/.
Media contact:
Bob
Varettoni
908-559-6388
robert.a.varettoni@verizon.com
Related Links
http://www.verizon.com/
https://www.verizonwireless.com/
http://www.verizonenterprise.com/
http://www.verizon.com/about/
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SOURCE Verizon