New Issue: Verizon prices $1 billion of 2.85% 20-year green notes at 99.758

By Devika Patel

Knoxville, Tenn., Sept. 2 – Verizon Communications Inc. sold $1 billion 2.85% 20-year green notes at 99.758 on Wednesday, according to an FWP filed with the Securities and Exchange Commission.

Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Samuel A. Ramirez & Co. Inc. and Siebert Williams Shank & Co. LLC were the bookrunners.

Proceeds will be used for financing or refinancing eligible green investments.

Verizon is a New York-based telecommunications company.

Issuer:	Verizon Communications Inc.
Description:	Green notes
Amount:	$1 billion
Maturity:	Sept. 3, 2041
Bookrunners:	Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Samuel A. Ramirez & Co. Inc. and Siebert Williams Shank & Co. LLC
Coupon:	2.85%
Price:	99.758
Call:	Make-whole call at Treasuries plus 20 bps until March 3, 2041, then a par call
Trade date:	Sept. 1
Settlement date:	Sept. 3
Distribution:	SEC registered

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