Verizon to redeem debt securities on December 23, 2026

The redemption price will be calculated on the third Business Day preceding the redemption date.

Rhea-AI Summary

Verizon Communications (VZ) will redeem all of its outstanding notes on December 23, 2026, ahead of their scheduled maturity. The redemption covers $1.75 billion of 4.125% notes due March 16, 2027. Holders will receive the greater of principal value or the discounted value of remaining scheduled principal and interest payments, plus accrued and unpaid interest to the redemption date.

1 point · 0 major

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

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Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.$1.75 billion of debt is scheduled for full redemption on December 23, 2026, before maturity.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.Redemption payment requires at least 100% of principal, potentially more under the pricing formula, plus accrued and unpaid interest.

Key Figures

Principal amount: $1,750,000,000 Coupon: 4.125% Redemption date: December 23, 2026 +3 more

Principal amount

$1,750,000,000

Notes to be redeemed in whole

Coupon

4.125%

Notes being redeemed

Redemption date

December 23, 2026

Scheduled redemption

Maturity

March 16, 2027

Notes due date

Redemption price floor

100% of principal

Price is the greater of this amount or the discounted value of remaining scheduled payments

Treasury Rate spread

25 basis points

Added to the Treasury Rate in the redemption-price calculation

Key Terms

cusip, isin, present values, paying agent, +1 more

5 terms

cusip financial

"CUSIP: 92343V DY7"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

View in glossary

isin financial

"ISIN: US92343VDY74"

A 12-character International Securities Identification Number (ISIN) is a unique code that acts like a passport for a specific stock, bond or other tradable security so it can be identified worldwide. Investors and systems use it to ensure they are buying, selling and tracking the exact same instrument across exchanges and data feeds, which prevents costly mix-ups and makes portfolio reporting, settlement and regulatory checks simpler and more reliable.

View in glossary

present values financial

"the sum of the present values of the remaining scheduled payments"

Present values are the current worth of amounts of money that will be received or paid in the future after adjusting for the time value of money. Each future cash flow is converted to today’s equivalent by dividing it by (1 + discount rate) raised to the number of periods until the cash flow occurs; the choice of discount rate and the timing of flows determine the calculated present values and can materially change their sum.

paying agent financial

"should be directed to the paying agent"

A paying agent is a bank or company that helps deliver payments, like interest or dividends, to investors. It’s like a trusted middleman who makes sure everyone gets their money on time, so investors don’t have to handle the details themselves.

basis points financial

"at the Treasury Rate (as defined in the Notes) plus 25 basis points"

Basis points are a way to measure small changes in interest rates or percentages, where one basis point equals 0.01%. For example, if a loan's interest rate increases by 50 basis points, it's gone up by 0.50%. They help people understand tiny differences in rates that can add up over time, making financial comparisons clearer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Nov. 09, 2026 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) today announced that it will redeem, in whole, the following notes on December 23, 2026 (the “Redemption Date”):

I.D. Number	Title of Security	Principal Amount Outstanding
CUSIP: 92343V DY7 ISIN: US92343VDY74 Common Code: 158300761	4.125% Notes due March 16, 2027 (the “Notes”)	$1,750,000,000

The redemption price for the Notes will be equal to the greater of (i) 100% of the principal amount of the Notes being redeemed, or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes 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 Notes) plus 25 basis points (the “Redemption Price”), plus, in either case, accrued and unpaid interest on the principal amount being redeemed to the Redemption Date. The Redemption Price 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.

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

This announcement was originally published by Verizon. Read the original press release.

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Which Verizon notes will be redeemed on December 23, 2026?

Verizon will redeem all $1,750,000,000 outstanding of its 4.125% notes due March 16, 2027. The notes carry CUSIP 92343V DY7 and ISIN US92343VDY74.

How will Verizon calculate the redemption price for its 4.125% notes?

The price is the greater of 100% of principal or the present value of remaining scheduled principal and interest payments, excluding interest accrued to redemption, plus accrued and unpaid interest in either case. Present values use semiannual discounting at the Treasury Rate plus 25 basis points, assuming a 360-day year of twelve 30-day months. Calculation occurs on the third Business Day preceding redemption.