Verizon Communications Inc. has successfully completed a pricing supplement under Rule 424(b)(2) with File No. 333-267245, as detailed in the document dated March 11, 2024. The offering, which took place from March 4, 2024, to March 11, 2024, included two tranches of Senior Unsecured Notes. The first tranche, with a CUSIP of 92346MMT5, was offered at a principal amount of $105,000.00, featuring a fixed coupon rate of 4.900% and a maturity date of March 15, 2031. The second tranche, CUSIP 92346MMU2, had a significantly larger principal amount of $5,161,000.00, a fixed coupon rate of 5.400%, and a longer maturity date of March 15, 2054. Both tranches are callable at 100% starting March 15, 2025, with a 10-day notice period. The notes were sold at a price of 100% of the principal amount, with the first coupon payment scheduled for September 15, 2024. Verizon...Show More

Verizon Communications Inc. has successfully completed a pricing supplement under Rule 424(b)(2) with File No. 333-267245, as detailed in the document dated March 11, 2024. The offering, which took place from March 4, 2024, to March 11, 2024, included two tranches of Senior Unsecured Notes. The first tranche, with a CUSIP of 92346MMT5, was offered at a principal amount of $105,000.00, featuring a fixed coupon rate of 4.900% and a maturity date of March 15, 2031. The second tranche, CUSIP 92346MMU2, had a significantly larger principal amount of $5,161,000.00, a fixed coupon rate of 5.400%, and a longer maturity date of March 15, 2054. Both tranches are callable at 100% starting March 15, 2025, with a 10-day notice period. The notes were sold at a price of 100% of the principal amount, with the first coupon payment scheduled for September 15, 2024. Verizon has outlined that the net proceeds from the offering will be $103,477.50 and $4,998,428.50 for the respective tranches, after accounting for the selling price and gross concession. The offering was managed by InspereX as the Joint Lead Manager and Lead Agent, with additional agents including BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, and Wells Fargo Advisors. The Verizon InterNotes® will be represented by a Master Note in fully registered form and will be deposited with DTC or another depository as named in a subsequent pricing supplement.