Verizon exercises make-whole call for $206.47 million 1.375% notes

By Wendy Van Sickle

Columbus, Ohio, Feb. 22 – Verizon Communications Inc. issued a redemption notice for its $206,474,000 principal amount of outstanding 1.375% notes due 2019.

The notes will be redeemed on March 25 at par plus a make-whole premium calculated using a discount rate of Treasuries plus 10 basis points plus accrued interest up to but excluding the redemption date, according to a company notice.

Verizon is a New York City-based telecommunications company.

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