Verizon to redeem debt securities on December 16, 2025

Rhea-AI Summary

Verizon (NYSE: VZ) will redeem specified debt securities on December 16, 2025. The company will redeem:

• 1.450% Notes due March 20, 2026 – $825,833,000
• 4.125% Notes due March 16, 2027 – $606,992,000 of $2,356,992,000 outstanding
• 3.000% Notes due March 22, 2027 – $463,008,000

Each redemption price will be the greater of 100% of principal or the present value of remaining payments discounted using the applicable Treasury Rate plus specified basis points (15bp, 25bp, 35bp respectively), plus accrued interest. Redemption prices will be calculated three business days before the Redemption Date. Paying agent contact information is provided for questions.

Insights

Capital Markets Analyst

Verizon will redeem specified notes on December 16, 2025, reducing short‑term outstanding debt by known amounts.

Verizon will redeem three series of notes on December 16, 2025. The company will retire $825,833,000 of the 1.450% notes due March 20, 2026, $606,992,000 of the 4.125% notes due March 16, 2027 and $463,008,000 of the 3.000% notes due March 22, 2027. Redemption prices follow the indentures and use Treasury rates plus specified spreads; accrued interest is payable to, but excluding, the Redemption Date.

Mechanically, this reduces the stated principal outstanding for the redeemed tranches and shifts cash required to fulfill those obligations to the Redemption Date. The company follows standard indenture procedures and DTC selection rules for partial redemption of the 4.125% tranche.

Key dependencies and risks include the actual cash outflow on December 16, 2025, the computed redemption prices (determined three business days prior) and the portion of the 4.125% tranche selected for redemption under DTC rules. These items determine near‑term liquidity impact and reported outstanding debt; nothing in the notice asserts changes to ongoing operations or other funding sources.

Watch the redemption price calculations set on the third business day before December 16, 2025 and any related paying‑agent communications. The explicit monitorable figures are the redeemed principal amounts and the Redemption Date; expect the cash settlement and the updated outstanding principal to appear in subsequent official filings or paying‑agent confirmations within days after redemption.

NEW YORK, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) today announced that it will redeem the following notes on December 16, 2025 (the “Redemption Date”):

I.D. Number	Title of Security	Amount to be Redeemed		Principal Amount Outstanding
CUSIP: 92343V GG3 ISIN: US92343VGG32 Common Code: 232146087	1.450% Notes due March 20, 2026 (the “Notes due 2026”)	$825,833,000		$825,833,000
CUSIP: 92343V DY7 ISIN: US92343VDY74 Common Code: 158300761	4.125% Notes due March 16, 2027 (the “4.125% Notes due 2027”)	$606,992,000		$2,356,992,000
CUSIP: 92343V FF6 ISIN: US92343VFF67 Common Code: 212219738	3.000% Notes due March 22, 2027 (the “3.000% Notes due 2027”)	$463,008,000		$463,008,000

The redemption price for the Notes due 2026 will be equal to the greater of (i) 100% of the principal amount of the Notes due 2026 being redeemed, or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes due 2026 being redeemed (exclusive of interest accrued to the Redemption Date), assuming for such purpose that the Notes due 2026 matured on February 20, 2026, discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the Notes due 2026) plus 15 basis points (the “Notes due 2026 Redemption Price”), plus, in either case, accrued and unpaid interest on the principal amount being redeemed to, but excluding, the Redemption Date. The Notes due 2026 Redemption Price will be calculated in accordance with the terms of the Notes due 2026 on the third Business Day (as defined in the Notes due 2026) preceding the Redemption Date.

The redemption price for the 4.125% Notes due 2027 will be equal to the greater of (i) 100% of the principal amount of the 4.125% Notes due 2027 being redeemed, or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 4.125% Notes due 2027 being redeemed (exclusive of interest accrued to the Redemption Date), discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the 4.125% Notes due 2027) plus 25 basis points (the “4.125% Notes due 2027 Redemption Price”), plus, in either case, accrued and unpaid interest on the principal amount being redeemed to the Redemption Date. The 4.125% Notes due 2027 Redemption Price will be calculated in accordance with the terms of the 4.125% Notes due 2027 on the third Business Day (as defined in the 4.125% Notes due 2027) preceding the Redemption Date. The 4.125% Notes due 2027 to be redeemed will be selected in accordance with the terms of the indenture governing the 4.125% Notes due 2027 and the applicable procedures of The Depositary Trust Company.

The redemption price for the 3.000% Notes due 2027 will be equal to the greater of (i) 100% of the principal amount of the 3.000% Notes due 2027 being redeemed, or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 3.000% Notes due 2027 being redeemed (exclusive of interest accrued to the Redemption Date), assuming for such purpose that the 3.000% Notes due 2027 matured on January 22, 2027, discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the 3.000% Notes due 2027) plus 35 basis points (the “3.000% Notes due 2027 Redemption Price”), plus, in either case, accrued and unpaid interest on the principal amount being redeemed to, but excluding, the Redemption Date. The 3.000% Notes due 2027 Redemption Price will be calculated in accordance with the terms of the 3.000% Notes due 2027 on the third Business Day (as defined in the 3.000% Notes due 2027) preceding the Redemption Date.

Questions relating to the notice of redemption and related materials should be directed to the paying agent: U.S. Bank Trust Company, Trust Company, National Association, 333 Thornall Street, Edison, New Jersey 08837, United States of America, or via telephone at 1-800-934-6802.

Media contact:
Katie Magnotta
katie.magnotta@verizon.com  
201-602-9235

FAQ

Which Verizon (VZ) notes will be redeemed on December 16, 2025?

Verizon will redeem the 1.450% Notes due March 20, 2026; part of the 4.125% Notes due March 16, 2027; and the 3.000% Notes due March 22, 2027 on December 16, 2025.

How much principal of Verizon 1.450% notes (VZ) is being redeemed on Dec 16, 2025?

Verizon will redeem $825,833,000 principal amount of the 1.450% Notes due March 20, 2026.

How is the redemption price for Verizon 4.125% notes (VZ) due 2027 determined?

The redemption price is the greater of 100% of principal or the present value of remaining payments discounted to the Redemption Date at the Treasury Rate plus 25 basis points, plus accrued interest.

Will Verizon (VZ) calculate the final redemption prices before December 16, 2025?

Yes. Redemption prices for each series will be calculated in accordance with the notes on the third Business Day preceding the Redemption Date.

How were the specific 4.125% Notes due 2027 chosen for redemption by Verizon (VZ)?

The 4.125% Notes due 2027 to be redeemed will be selected under the indenture and The Depository Trust Company procedures.

Who should bondholders contact with questions about the Verizon (VZ) notice of redemption?

Questions should be directed to the paying agent, U.S. Bank Trust Company, National Association, at 333 Thornall Street, Edison NJ or 1-800-934-6802.