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Verizon Communications Inc. 424B Filings

VZ NYSE

Every 424B that Verizon Communications Inc. (VZ) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 424B covers the supplement that carries the terms of a priced offering, so if you follow VZ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VZ filings page.

Rhea-AI Summary

Verizon Communications Inc. is issuing $2,000,000,000 of 6.600% fixed-to-fixed rate junior subordinated notes due 2059 and $1,750,000,000 of 6.750% fixed-to-fixed rate junior subordinated notes due 2057. Both series pay semi-annual interest and feature rate resets every five years after their first reset dates, tied to the Five-year U.S. Treasury Rate plus stated spreads and step-ups.

The notes are unsecured junior subordinated obligations, ranking below all Verizon senior indebtedness, which totaled $141.1 billion on an unconsolidated basis as of June 30, 2026, and are structurally subordinated to approximately $26.5 billion of subsidiary indebtedness. Verizon may defer interest payments on either series for up to 10 consecutive years per deferral period, with deferred interest compounding at the then-applicable rate. The company may redeem the notes at par during specified par call periods, at a make-whole price otherwise, and at defined premiums or par upon certain tax or rating agency events. No exchange listing is planned. Estimated net proceeds of about $3,716,021,000 will be used for general corporate purposes, which may include repayment of outstanding debt.

Rhea-AI Summary

Verizon Communications Inc. plans a primary offering of two series of fixed-to-fixed rate junior subordinated notes maturing in 2057 and 2059. Both series pay semi-annual interest and switch after an initial fixed-rate period to a rate reset every five years tied to the Five-year U.S. Treasury Rate plus a stated spread, with step-ups for the 2059 notes in later years.

The notes are junior subordinated obligations of Verizon, ranking behind all existing and future senior indebtedness and structurally behind liabilities of subsidiaries. As of June 30, 2026, Verizon had $141.1 billion of senior indebtedness on an unconsolidated basis, and its subsidiaries and other consolidated entities had about $26.5 billion of indebtedness, including $26.3 billion of secured debt. The indenture does not limit the amount of additional senior or subordinated debt that may be issued.

Verizon may defer interest payments on either series for up to 10 consecutive years per deferral, with deferred interest compounding at the then-current rate and tax income potentially accruing to holders before cash is received. The company also has broad redemption rights, including make-whole and par calls, and the ability to redeem upon a Tax Event or Rating Agency Event. Net proceeds are expected to be used for general corporate purposes, which may include repayment of outstanding indebtedness.

Rhea-AI Summary

Verizon Communications Inc. is offering two series of junior subordinated notes: $2,000,000,000 of 6.050% notes due 2058 and $2,000,000,000 of 6.200% notes due 2056, to the public pursuant to this prospectus supplement.

The notes pay semi-annual interest beginning November 14, 2026, carry optional long-term interest-deferral rights (up to 10 consecutive years per deferral), rank junior to Verizon Communications Inc.’s senior indebtedness, and are unsecured obligations. Net proceeds are to be used for general corporate purposes, which may include repayment of debt.

Rhea-AI Summary

Verizon Communications Inc. is offering two series of junior subordinated notes: fixed-to-fixed rate notes due 2058 and 2056. Each series bears an initial fixed rate to its first reset date (2033 for 2058; 2036 for 2056) and thereafter resets to a formula tied to the Five-year U.S. Treasury Rate plus specified spreads. Verizon may defer interest payments on either series for up to 10 consecutive years per Optional Deferral Period; deferred interest accrues additional interest. The notes rank junior to Verizon’s senior indebtedness and pari passu with other junior subordinated debt. As of March 31, 2026, Verizon’s unconsolidated senior indebtedness aggregated $149.7 billion; subsidiaries had $28.3 billion of indebtedness. Net proceeds are stated as for general corporate purposes, which may include repayment of indebtedness.

Rhea-AI Summary

Verizon Communications Inc. is offering €2,250,000,000 of 4.2462% fixed-to-fixed rate junior subordinated notes due August 15, 2056 pursuant to this prospectus supplement. Interest is fixed at 4.2462% through the First Reset Date and thereafter resets by reference to a Five-Year Swap Rate plus specified margins and step-ups.

The notes are unsecured and subordinated to Verizon's senior indebtedness, will rank pari passu with certain other junior subordinated notes, may have interest deferred at Verizon's option for up to 10 years per Optional Deferral Period, are denominated in euro, and are offered in minimum denominations of €100,000. Net proceeds are expected to be approximately €2,234,606,000 and will be used for general corporate purposes, which may include repayment of indebtedness.

Rhea-AI Summary

Verizon Communications Inc. is offering £600,000,000 of 5.7427% fixed-to-fixed rate junior subordinated notes due 2056 under a prospectus supplement. The notes pay 5.7427% until August 15, 2032, then reset on five‑year cycles based on a Benchmark Gilt Rate plus specified margins and step-ups, and mature on August 15, 2056.

The notes are unsecured and subordinated to Verizon’s senior indebtedness, permit issuer optional deferral of interest for up to 10 consecutive years per occasion, are denominated and payable in sterling (with a U.S. dollar fallback), and are offered at 100% of principal with underwriting fees and expected net proceeds of approximately £595,680,000.

Rhea-AI Summary

Verizon Communications Inc. is offering sterling-denominated fixed-to-fixed rate junior subordinated notes due 2056. The notes pay an initial fixed rate, then reset based on a Benchmark Gilt Rate plus specified margins on scheduled Reset Dates occurring every five years, and interest may be deferred by Verizon for up to 10 consecutive years per Optional Deferral Period. The notes are unsecured, rank junior to Verizon Communications Inc.’s senior indebtedness and pari passu with other junior subordinated notes, are issued in minimum denominations of £100,000, and Verizon intends to apply to list them on the NYSE.

Rhea-AI Summary

Verizon Communications Inc. proposes euro‑denominated junior subordinated notes due 2056 with annual interest, multi‑stage reset mechanics and issuer discretion to defer interest payments for up to 10 consecutive years per deferral. The notes will be unsecured and subordinate to Verizon’s senior indebtedness; Verizon reported $141.1 billion of senior indebtedness on December 31, 2025. Notes are offered in minimum denominations of €100,000 and will pay principal and interest in euro (with a U.S. dollar fallback). The prospectus discloses market‑standard benchmark fallback provisions, potential make‑whole and par call redemption features, and that proceeds will be used for general corporate purposes.