01.30.2002|Financial

Verizon Maryland Inc. to Redeem Debentures

NEW YORK -- Verizon Communications Inc. (NYSE:VZ) today announced that on March 1, 2002, its wholly owned subsidiary Verizon Maryland Inc. (formerly The Chesapeake and Potomac Telephone Company of Maryland) will redeem the entire outstanding principal amount of three separate series of debentures. Verizon Maryland will redeem $60 million of its 5 7/8% Debentures, due June 1, 2004; $75 million of its 6 5/8% Debentures, due Oct. 1, 2008; and $50 million of its 7 1/4% Debentures, due Feb. 1, 2012.

The redemption price of 100 percent of the principal amount of the 5 7/8% Debentures, 100.32 percent of the principal amount of the 6 5/8% Debentures, and 100.94 percent of the principal amount of the 7 1/4%. Debentures, in each case with interest accrued to the redemption date, will be payable on March 1, 2002. On and after March 1, interest will cease to accrue on the debentures.

Recent Articles

10.25.2013 | Financial
Verizon Communications Inc. today announced that its subsidiary, Verizon Delaware LLC, will redeem the entire outstanding principal amount of its $20,000,000 7% Debentures, due December 1, 2023.
10.17.2013 | Financial
Verizon Communications Inc. today announced that its subsidiary, Verizon New York Inc., will redeem the entire outstanding principal amount of its $250,000,000 6.70% Debentures, due November 1, 2023.