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Published on 3/17/2020 in the Prospect News Investment Grade Daily.

Verizon Communications offers fixed-rate notes via five bookrunners

By Devika Patel

Knoxville, Tenn., March 17 – Verizon Communications Inc. is planning to sell dollar-denominated fixed-rate notes, according to a 424B2 filed with the Securities and Exchange Commission.

The notes feature a make-whole call and then a par call.

Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Santander Investment Securities Inc. and Wells Fargo Securities LLC are the bookrunners.

The company intends to use the proceeds from this offering for general corporate purposes.

Verizon is a New York-based telecommunications company.


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