TIDMVZC

RNS Number : 5225Z

Verizon Communications

06 February 2014

6 February 2014

VERIZON COMMUNICATIONS INC.

VERIZON TO LIST $500 MILLION IN RETAIL NOTES ON NYSE

NEW YORK - Earlier today, Verizon Communications Inc. (NYSE, Nasdaq: VZ) closed its sale of $500 million of retail notes to a large number of investors in a transaction involving 21 underwriting firms. Verizon sold the retail notes in $25 increments and expects to list the notes on the New York Stock Exchange within the next 30 days.

The retail notes are designed to permit individual investors the opportunity to easily and affordably purchase Verizon debt. This is Verizon's first offering of retail notes in more than a decade.

The retail notes will mature on Feb. 15, 2054, and are subject to a call option five years after their issuance. Verizon will pay quarterly interest on the notes at a rate of 5.9 percent per year. Further information is available in a prospectus posted on Jan. 31 at www.verizon.com/investor/secfiling.htm.

The underwriters include 11 minority- and women-owned firms as well as two firms that are owned and operated by service-disabled veterans:

   Underwriters                                                              Principal Amount of Notes 
   Merrill Lynch, Pierce, Fenner & Smith Incorporated        $118,333,350 
   Morgan Stanley & Co. LLC                                           $118,333,325 
   Wells Fargo Securities, LLC                                          $118,333,325 
   RBC Capital Markets, LLC                                           $20,000,000 
   Drexel Hamilton, LLC                                                   $15,000,000 
   Lebenthal & Co., LLC                                                   $15,000,000 
   Loop Capital Markets LLC                                            $15,000,000 
   Samuel A. Ramirez & Company, Inc.                             $15,000,000 
   Barclays Capital Inc.                                                     $5,000,000 
   Citigroup Global Markets Inc.                                         $5,000,000 
   J.P. Morgan Securities LLC                                           $5,000,000 
   Raymond James & Associates, Inc.                               $5,000,000 
   Blaylock Robert Van, LLC                                            $5,000,000 
   C.L. King & Associates, Inc.                                         $5,000,000 
   CastleOak Securities, L.P.                                             $5,000,000 
   Guzman & Company                                                     $5,000,000 
   The Williams Capital Group, L.P.                                   $5,000,000 
   Muriel Siebert & Co., Inc.                                              $5,000,000 
   Mischler Financial Group, Inc.                                        $5,000,000 
   MFR Securities, Inc.                                                      $5,000,000 
   Great Pacific Securities                                                 $5,000,000 
   Total                                                                            $500,000,000

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, with nearly 103 million retail connections nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries. A Dow 30 company with more than $120 billion in 2013 revenues, Verizon employs a diverse workforce of 176,800. For more information, visit www.verizon.com.

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VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts and other information are available at Verizon's online News Center at newscenter.verizon.com. The news releases are available through an RSS feed. To subscribe, visit newscenter.verizon.com/corporate/feeds.

This information is provided by RNS

The company news service from the London Stock Exchange

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