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SOURCE Verizon Communications Inc.
NEW YORK, June 11, 2014 /PRNewswire/ -- 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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