08.23.2019Financial

Redemption of 4.20% notes due 2046 and termination of listing on the Taipei Exchange

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New York – Verizon Communications Inc. (NYSE, NASDAQ: VZ) today announced that it will redeem all of the outstanding 4.20% notes due September 22, 2046 (the “Notes”) in accordance with the terms and conditions of the Notes and the related indenture and delist the Notes from the Taipei Exchange on September 22, 2019 (the “Redemption Date”) and that it has caused notice of redemption to be given to each holder of the Notes in accordance with the terms and conditions of the Notes and the related indenture. The details of the Notes are as follows:

1.         Bond Code:  F03602

2.         Bond Short Name:  P16VZ1

3.         ISIN:  XS1487787522

4.         Common Code:  148778752

5.         FIGI:  BBG00DR4B5L6

6.         Initial Notional Amount: USD2,059,000,000

7.         Bond Name: Verizon Communications Inc. $2,059,000,000 4.20% Notes due 2046

8.         Date of Call/Delisting: September 22, 2019

9.         Call Price: 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest to the Redemption Date