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Verizon Communications, Inc., 5.90% Notes due 2/15/2054
Ticker Symbol: VZA* CUSIP: 92343V302 Exchange: NYSE
* NOTE: This security is no longer trading as of 3/11/2019
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Verizon Communications, Inc., 5.90% Notes due 2054, issued in $25 denominations, redeemable at the issuer's option on or after 2/15/2019 at $25 per note plus accrued and unpaid interest, and maturing 2/15/2054. Interest distributions of 5.90% per annum ($1.475 per annum or $.36875 per quarter) will be paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the record date that will be 2/1, 5/1, 8/1 & 11/1 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was rated as Baa1 by Moody’s and BBB+ by S&P at the date of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (VZ)
Notes: Feb 07, 2019 -- Verizon Communications Inc. today announced that it will redeem the following notes on March 11, 2019:
CUSIP Number Title of Note Principal Amount Outstanding Principal Amount to be Redeemed
92343V302 5.90% Notes due 2054 $500,000,000 $500,000,000
The redemption price will be $25 per each $25 principal amount of Notes, plus accrued and unpaid interest to the Redemption Date. Interest on the Notes for the first quarter of 2019 will be paid on February 15, 2019 to each holder of record on February 1, 2019. Questions relating to the notice of redemption and related materials should be directed to the paying agent: U.S. Bank National Association, Attn: Corporate Trust Services, 111 Fillmore Ave E, St. Paul, MN 55107, or via telephone at 1-800-934-6802.
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IPO - 1/30/2014 - 20.00 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Market Value $500.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 140 West Street, New York, NY 10007 |
| Main Phone Number |
212-395-1000 |
| Fax Number |
Not Available |
| Investor Relations
Mike Stefanski
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212-395-1000
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| CEO - Lowell C. McAdam |
CFO - Matthew D. Ellis |
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