Verizon Communications subsidiaries call $1.25 billion of 8.5% notes

By Tali Rackner

Norfolk, Va., Feb. 28 - Verizon Communications Inc. subsidiaries Cellco Partnership and Verizon Wireless Capital LLC plan to redeem $1.25 billion of their $2.25 billion 8.5% notes due Nov. 15, 2018, according to a press release.

The notes will be redeemed on March 30 at a redemption price to be calculated by reference to Treasuries plus 75 basis points.

U.S. Bank is the paying agent.

The wireless telecommunications company is based in New York.

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