Verizon (NYSE, NASDAQ: VZ) plans to redeem in full its 4.329% Notes due 2028 (CUSIP 92343V ER1 / ISIN US92343VER15) with $1.25 billion principal outstanding on September 21, 2026. The redemption price will be the greater of 100% of principal or a Treasury Rate-based make-whole amount plus accrued interest, calculated per the note terms.
Loading...
Loading translation...
Positive
Full redemption of $1.25 billion notes on September 21, 2026
Redemption price based on at least 100% of principal plus accrued interest
Make-whole calculation uses Treasury Rate plus 25 bps, defined in the notes
Negative
Redemption requires payment of $1.25 billion principal plus accrued interest in 2026
NEW YORK, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) today announced that it will redeem, in whole, the following notes on September 21, 2026 (the “Redemption Date”):
I.D. Number
Title of Security
Principal Amount Outstanding
CUSIP: 92343V ER1 ISIN: US92343VER15
4.329% Notes due 2028 (the “Notes”)
$1,250,000,000
The redemption price for the Notes being redeemed 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), as the case may be, 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, but excluding, 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.
What debt securities will Verizon (VZ) redeem on September 21, 2026?
Verizon plans to redeem its 4.329% Notes due 2028 with $1.25 billion principal outstanding. According to Verizon, these notes are identified as CUSIP 92343V ER1 and ISIN US92343VER15 and will be redeemed in whole on the Redemption Date.
What is the redemption date for Verizon’s 4.329% Notes due 2028 (VZ)?
The redemption date for Verizon’s 4.329% Notes due 2028 is September 21, 2026. According to Verizon, the redemption price will be calculated on the third business day before this date, following the terms specified in the notes.
How will Verizon calculate the redemption price for the 4.329% Notes due 2028 (VZ)?
The redemption price will be the greater of 100% of principal or the present value of remaining scheduled payments discounted at the Treasury Rate plus 25 basis points. According to Verizon, accrued and unpaid interest is added up to, but excluding, the Redemption Date.
What is the principal amount of Verizon’s 4.329% Notes due 2028 being redeemed?
Verizon will redeem $1,250,000,000 principal amount of its 4.329% Notes due 2028. According to Verizon, this redemption will be in whole, covering the full outstanding principal of these securities on the scheduled Redemption Date in 2026.
Who is the paying agent for Verizon’s 2026 note redemption and how can investors contact them?
The paying agent is U.S. Bank Trust Company, National Association, located at 333 Thornall Street, Edison, New Jersey 08837. According to Verizon, investors can contact the paying agent by telephone at 1-800-934-6802 regarding the notice of redemption.
What interest will Verizon pay on the 4.329% Notes due 2028 up to the 2026 redemption date?
Verizon will pay accrued and unpaid interest on the principal amount being redeemed to, but excluding, September 21, 2026. According to Verizon, this interest is added to the calculated redemption price under the terms of the notes.
What does the 2026 redemption of 4.329% Notes mean for Verizon’s outstanding debt?
The redemption will reduce Verizon’s outstanding principal by $1.25 billion for these specific notes. According to Verizon, the 4.329% Notes due 2028 will be redeemed in whole, meaning they will no longer remain outstanding after the Redemption Date.
