Verizon Closes Sale of $3.3 Billion in Notes
NEW YORK, June 11, 2014 -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) today
closed on the sale of $1,300,000,000 Floating Rate Notes due 2017 and $2,000,000,000
1.35% Notes due 2017.
As described in the Prospectus Supplement dated June 4, 2014, and posted at
http://www.verizon.com/investor/secfiling.htm , net proceeds from the sale are primarily
intended to repay certain borrowings under a term-loan credit agreement, dated
Oct. 1, 2013, as well as for general corporate purposes.
The underwriters, including four minority, women and veteran-owned firms, were: Barclays
Capital Inc.; J.P. Morgan Securities LLC; Morgan Stanley & Co. LLC; Citigroup Global
Markets Inc.; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Blaylock Beal Van, LLC;
CastleOak Securities, L.P.; Drexel Hamilton, LLC; and Muriel Siebert & Co., Inc.
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 more than 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 176,900. For more information,
visit www.verizon.com .
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SOURCE Verizon Communications Inc.
CONTACT: Bob Varettoni,
+1-908-559-6388, robert.a.varettoni@verizon.com