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Verizon South, Inc. 7.00% Debentures, Series F, due 4/30/2041
Ticker Symbol: VZC* CUSIP: 92344J209 Exchange: NYSE
* NOTE: This security is no longer trading as of 3/23/2007
Security has been Called for: Friday, March 23, 2007
Feb. 21, 2007 -- Verizon South Inc., a wholly-owned subsidiary of Verizon Communications Inc., today announced that it will redeem the entire outstanding principal amount of its $300 million 7% Debentures, Series F, due April 30, 2041 on March 23, 2007. The Debentures were originally issued in denominations of $25.00 and are currently traded on the New York Stock Exchange under the symbol "VZC". The redemption price of 100.00% of the principal amount of the Debentures, plus interest accrued and unpaid to the redemption date, will be payable on March 23, 2007. On and after March 23, 2007 interest will cease to accrue on the Debentures.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Verizon South Inc., 7% Debentures, Series F, due 2041, issued in $25 denominations, redeemable at the issuer's option on or after 4/30/2006 at $25 per share plus accrued and unpaid interest, maturing 4/30/2041, distributions of 7.00% per annum are paid quarterly on 1/30, 4/30, 7/30 & 10/30 to holders of record on 1/15, 4/15, 7/15 & 10/15 respectively. 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. The debentures are unsecured obligations of the company and will rank equally with all existing and future unsecured senior indebtedness of the company. Verizon South Inc. is a wholly-owned subsidiary of Verizon Communications Inc. (NYSE: VZ). 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)
IPO - 4/11/2001 - 12.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $531.0 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 |
908-630-2651 |
| Investor Relations
Ronald H. Lataille
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212-395-1525
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Toll Free Phone Number |
Unknown |
| CEO - Ivan G. Seidenberg |
CFO - Doreen A. Toben |
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