Verizon planning four-part sale of senior notes

By Aleesia Forni

Virginia Beach, Oct. 22 – Verizon Communications Inc. is planning to sell senior notes in four tranches, according to a 424B5 filed with the Securities and Exchange Commission.

J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used primarily to redeem existing notes maturing from 2015 to 2018 and any remaining net proceeds will be used for general corporate purposes.

Verizon is a New York City-based 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.