Press Releases August 20, 2026 08:30 AM

Verizon to redeem debt securities on September 21, 2026

Verizon Announces Full Redemption of $1.25 Billion Notes Due 2028 on September 21, 2026

By Hana Yamamoto
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VZ

Verizon Communications Inc. has announced its intent to fully redeem $1.25 billion of its 4.329% Notes due 2028 on September 21, 2026. The redemption price will be the higher of 100% of principal or the present value of remaining payment obligations plus accrued interest, in accordance with the bond terms.

Verizon to redeem debt securities on September 21, 2026
VZ
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Key Points

  • Verizon plans to redeem $1.25 billion of outstanding 4.329% Notes due 2028 on September 21, 2026.
  • Redemption price will be the greater of principal or discounted present value of remaining payments plus accrued interest.
  • The redemption follows the terms specified in the bond agreement and will be managed via the appointed paying agent.

NEW YORK, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) today announced that it will redeem, in whole, the following notes on September 21, 2026 (the “Redemption Date”):

I.D. NumberTitle of SecurityPrincipal Amount
OutstandingCUSIP: 92343V ER1
ISIN: US92343VER154.329% Notes due 2028 (the “Notes”)$1,250,000,000


The redemption price for the Notes being redeemed will be equal to the greater of (i) 100% of the principal amount of the Notes being redeemed, or (ii) 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 semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the Notes) plus 25 basis points (the “Redemption Price”), plus, in either case, accrued and unpaid interest on the principal amount being redeemed to, but excluding, the Redemption Date. The Redemption Price will be calculated in accordance with the terms of the Notes on the third Business Day (as defined in the Notes) preceding the Redemption Date.

Questions relating to the notice of redemption and related materials should be directed to the paying agent: U.S. Bank Trust Company, National Association, 333 Thornall Street, Edison, New Jersey 08837, United States of America, or via telephone at 1-800-934-6802.

This announcement was originally published by Verizon. Read the original press release.

Media contact:
Jamie Serino
201-401-5460
[email protected]


Risks

  • Redemption of debt securities could impact Verizon's capital structure and future financing flexibility.
  • The market's response could be affected by perceptions of Verizon's debt management and interest rate environment.
  • Potential reduced liquidity in these securities after redemption announcement affects bondholders and fixed income market participants.

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