Verizon files $10 billion shelf covering debt, stock and preferreds

By Devika Patel

Knoxville, Tenn., Feb. 7 - Verizon Communications Inc. filed a $10 billion shelf registration in an S-3 filing with the Securities and Exchange Commission. The shelf includes $3.15 billion of securities previously registered but unsold.

The registration covers common stock, preferred stock and debt securities.

Proceeds from the securities, which may be structured as convertibles, will be used for debt repayment, capital investments, working capital or other general corporate purposes.

Verizon is a New York-based broadband and telecommunications company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.