Verizon to redeem debt securities on March 18, 2025

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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 1 Alert

-0.12% News Effect

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.

02/14/2025 - 08:00 AM

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”)	$487,396,000

The redemption price for the Notes will be equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest to 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, 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