trending Market Intelligence /marketintelligence/en/news-insights/trending/MJqBk8it_Siu9PvZbd0fuA2 content esgSubNav
In This List

Verizon, units to redeem debt offering

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise

Blog

Global M&A By the Numbers: Q3 2021

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Podcast

Next in Tech | Episode 37: Customer experience investments pay dividends


Verizon, units to redeem debt offering

Verizon CommunicationsInc. and its subsidiaries, Cellco Partnership d/b/a Verizon Wirelessand Verizon Wireless Capital LLC, will redeem April 29 about £45.8 million of outstanding8.875% notes due Dec. 18, 2018, the company said March 30.

The redemption price for the notes will be equal to the greaterof 100% of the principal amount of the notes being redeemed, or the sum of the presentvalues of the remaining scheduled payments of principal and interest on the notes,as the case may be, discounted to the redemption date on an annual basis at thecomparable government bond rate plus 30 basis points, plus accrued and unpaid intereston the principal amount being redeemed to but excluding the redemption date.