Verizon to redeem debt securities on September 3, 2025

Verizon (NYSE: VZ) has announced plans to redeem its 3.25% Notes due 2026 in full on September 3, 2025.

Rhea-AI Summary

Verizon (NYSE: VZ) has announced plans to redeem its 3.25% Notes due 2026 in full on September 3, 2025. The redemption affects €842,980,000 in outstanding principal amount of notes trading under the symbol VZ 26.

The redemption price will be calculated based on the greater of 100% of the principal amount or the present value of remaining payments discounted at the Comparable Government Bond Rate plus 25 basis points, plus accrued and unpaid interest. The final redemption price will be determined three business days before the redemption date.

Positive

• Early debt reduction demonstrates strong financial management
• Potential reduction in future interest expenses
• Shows company's ability to manage and optimize its debt structure

Negative

• Could result in one-time cash expenditure of €842.98 million plus premium

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NEW YORK, July 31, 2025 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) today announced that it will redeem, in whole, the following notes on September 3, 2025 (the “Redemption Date”):

I.D. Number	Title of Security	NYSE Trading Symbol	Principal Amount Outstanding
CUSIP: 92343V BW3 ISIN: XS1030900242 Common Code: 103090024	3.25% Notes due 2026 (the “Notes”)	VZ 26	€842,980,000

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 (exclusive of interest accrued to the Redemption Date), as the case may be, discounted to the Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) at the Comparable Government Bond Rate (as defined in the Notes) plus 25 basis points (the “Redemption Price”), plus 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, 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

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

When will Verizon (VZ) redeem its 3.25% Notes due 2026?

Verizon will redeem the notes in full on September 3, 2025.

What is the principal amount of Verizon's notes being redeemed?

The principal amount outstanding is €842,980,000 for the 3.25% Notes due 2026.

How will the redemption price for Verizon's notes be calculated?

The redemption price will be the greater of 100% of principal or the present value of remaining payments discounted at the Comparable Government Bond Rate plus 25 basis points, plus accrued interest.

Who should noteholders contact regarding Verizon's note redemption?

Noteholders should contact U.S. Bank Trust Company at 1-800-934-6802 or at their office in Edison, New Jersey.