NEW YORK – Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) today announced that it will redeem, in whole or in part, as indicated below, the following series of its outstanding notes (the “Notes”) on March 29, 2019 (the “Redemption Date”):
The redemption price (the “Redemption Price”) for a particular series of Notes will be equal to the greater of: (1) 100% of the principal amount of the Notes being redeemed, or (2) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes being redeemed (exclusive of interest accrued to the Redemption Date), as the case may be, 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 such series of Notes) plus the applicable make-whole premium for such series of Notes, as set forth in the table above; plus, in either case, accrued and unpaid interest on the principal amount of such series of Notes being redeemed to, but excluding, the Redemption Date.
The applicable Redemption Price for each series of Notes will be calculated in accordance with the terms of such series of Notes on the third Business Day (as defined in such series of Notes) preceding the Redemption Date.
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York City, generated revenues of $130.9 billion in 2018. The company operates America’s most reliable wireless network and the nation’s premier all-fiber network, and delivers integrated solutions to businesses worldwide. With brands like Yahoo, TechCrunch and HuffPost, the company’s media group helps consumers stay informed and entertained, communicate and transact, while creating new ways for advertisers and partners to connect. Verizon’s corporate responsibility prioritizes the environmental, social and governance issues most relevant to its business and impact to society.
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