Cellco Partnership d/b/a Verizon Wireless Verizon Wireless Capital LLC to Redeem 5.55% Notes, Due February 1, 2014
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NEW YORK – Verizon Communications Inc. today announced that its subsidiaries, Cellco Partnership (the “Partnership”), Verizon Wireless Capital LLC (“Capital” and together with the Partnership, “the “Issuers”), will redeem the entire outstanding principal amount of its $3,500,000,000 5.55% Notes, due February 1, 2014 (CUSIP 92344S AP5) (the “Notes”).
The redemption date for the Notes will be November 29, 2013 (the “Redemption Date”).
The redemption price for the Notes will be equal to 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), discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the Notes) plus 75 basis points (the “Redemption Price”), plus accrued and unpaid interest on the principal amount to the Redemption Date. The Redemption Price will be calculated by the Issuers or their agent in accordance with the terms of the Notes on the third business day preceding the Redemption Date.
The name and address of the paying agent for the redemption is:
By Mail | By Courier | By Hand |
U.S. Bank | U.S. Bank | U.S. Bank |
