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NEW YORK – Verizon Communications Inc. (“Verizon”) (NYSE, Nasdaq: VZ) today announced that it will redeem the following series of notes on April 8, 2016 (the “Redemption Date”):
The redemption price for each series of notes will be equal to the sum of the present values of the remaining scheduled payments of principal and interest on that series of notes (exclusive of interest accrued to the Redemption Date), 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 applicable series of notes) plus the applicable make-whole premium, as set forth in the table above (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 such series of notes on the third business day preceding the Redemption Date.
