Verizon to redeem debt securities on March 18, 2025
Rhea-AI Summary
Verizon Communications (NYSE, NASDAQ: VZ) has announced plans to redeem its Floating Rate Notes due 2025 on March 18, 2025. The redemption affects notes with a principal amount outstanding of $487,396,000. The redemption price will be equal to 100% of the principal amount plus accrued and unpaid interest up to the redemption date.
The notes being redeemed are identified by CUSIP: 92343V EP5, ISIN: US92343VEP58, and Common Code: 182168670. U.S. Bank Trust Company, National Association will serve as the paying agent for this transaction.
Positive
- Debt reduction initiative through early redemption of $487.4 million in notes
- Full principal repayment at 100% demonstrates strong financial position
Negative
- None.
News Market Reaction – VZ
On the day this news was published, VZ declined 0.12%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) today announced that it will redeem the following notes on March 18, 2025 (the “Redemption Date”):
| I.D. Number | Title of Security | Principal Amount Outstanding | |
| CUSIP: 92343V EP5 ISIN: US92343VEP58 Common Code: 182168670 | Floating Rate Notes due 2025 (the “Notes”) | ||
The redemption price for the Notes will be equal to
Questions relating to the notice of redemption and related materials should be directed to the paying agent: U.S. Bank Trust Company, National Association, Attn: Corporate Trust Services, 111 Fillmore Ave E, St. Paul, MN 55107, or via telephone at 1-800-934-6802.
Media contact:
Katie Magnotta
katie.magnotta@verizon.com
201-602-9235
FAQ
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