Summary by Moomoo AI
Verizon Communications Inc. has announced the preliminary pricing for its Senior Unsecured Notes under Rule 424(b)(2) with the offering set to take place from April 29, 2024, to May 6, 2024. The notes, identified by CUSIP numbers 92346MNB3 and 92346MNC1, will have fixed coupon rates of 5.100% and 5.300% respectively, with semi-annual payments. The first coupon dates are scheduled for November 15, 2024, with amounts of $26.35 and $27.38. The notes are callable at 100% starting May 15, 2025, for the first and May 15, 2026, for the second, with a 10-day notice period. The trade date is set for May 6, 2024, with settlement on May 9, 2024. Notes will be offered in minimum denominations of $1,000 and will be represented by a Master Note in fully registered form, to be deposited with DTC or another depository. InspereX is the joint lead manager and lead agent, with BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, and Wells Fargo Advisors acting as agents.