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Verizon Communications to sell fixed-rate senior notes in five parts
By Marisa Wong
Los Angeles, Nov. 10 – Verizon Communications Inc. plans to price fixed-rate senior notes in five tranches, according to a 424B2 filing with the Securities and Exchange Commission.
BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are the joint bookrunners.
Proceeds will be used for general corporate purposes, which may include acquisitions, and, depending on market conditions, the repayment of outstanding debt.
The telecommunications company is based in New York.
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