Loan & DebtMay 14, 2026, 04:28 PM
Verizon Closes $4B Junior Subordinated Notes Offering
AI Summary
Verizon Communications Inc. closed the sale of $4 billion in junior subordinated notes on May 14, 2026. This offering included $2 billion of 6.050% Fixed-to-Fixed Rate Junior Subordinated Notes due 2058 and $2 billion of 6.200% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056. The notes were sold under an effective shelf registration statement.
Key Highlights
- Verizon closed the sale of $4 billion in junior subordinated notes.
- Issued $2 billion of 6.050% Fixed-to-Fixed Rate Junior Subordinated Notes due 2058.
- Issued $2 billion of 6.200% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056.
- The notes were sold pursuant to an effective shelf registration statement on Form S-3.