Verizon to issue make-whole call to redeem three series on March 29

By Susanna Moon

Chicago, Feb. 27 – Verizon Communications Inc. gave more details of its plan to issue a make-whole call for three series of notes.

Verizon plans to redeem the following amount of notes on March 29 at a make-whole premium:

• All of its $699,254,000 principal amount of outstanding 1.75% notes due 2021 at a make-whole premium of 15 basis points;

• $1,034,090,000 of its $1,034,090,000 principal amount of outstanding 3% notes due 2021 at a make-whole premium of 20 bps; and

• $315.4 million of its $1,272,299,000 principal amount of outstanding 3.5% notes due 2021 at a make-whole premium of 25 bps.

Verizon is a New York-based telecommunications company.

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