VZ · News · 20260820N
2028 Notes Redemption
VERIZON COMMUNICATIONS INC · 2026-08-20 · Importance 52 · Surprise 42 · In source text
Verizon announced that it will fully redeem $1.25 billion principal amount of its 4.329% Notes due 2028 on September 21, 2026. The redemption price will be the greater of 100% of principal or a Treasury Rate-based make-whole amount, plus accrued and unpaid interest. The transaction is intended to reduce Verizon’s outstanding debt and will require cash payment before the notes’ scheduled 2028 maturity.
Key facts
- Verizon announced it will redeem $1,250,000,000 of its 4.329% Notes due 2028 on September 21, 2026. source
- The redemption will reduce Verizon's outstanding debt by $1.25 billion for the 4.329% Notes due 2028. source
- The redemption price for the 4.329% Notes due 2028 will be the greater of 100% of the principal amount or the present value of remaining payments discounted at the Treasury Rate plus 25 basis points, plus accrued interest. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | committed | -0.3% | Verizon announced it will redeem $1,250,000,000 of its 4.329% Notes due 2028 on September 21, 2026. |
| cash | negative | committed | -0.3% | Verizon announced it will redeem $1,250,000,000 of its 4.329% Notes due 2028 on September 21, 2026. |