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Published on 2/20/2024 in the Prospect News Green Finance Daily and Prospect News Investment Grade Daily.

Verizon Communications offers fixed-rate green senior notes due 2054

Chicago, Feb. 20 – Verizon Communications Inc. is offering fixed-rate senior notes due 2054, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be callable with a make-whole premium until the six-month par call period before the maturity date.

Citigroup Global Markets Inc., Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Samuel A. Ramirez & Co., Inc. and Siebert Williams Shank & Co., LLC are joint bookrunners.

U.S. Bank Trust Co., NA will be the trustee.

Verizon is using in-house counsel. The underwriters are being advised by Milbank LLP.

Proceeds will be used for eligible green investments, mainly for renewable energy projects.

Verizon is a New York City-based telecommunications company.


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