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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Verizon Communications Inc | NYSE:VZ | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 38.93 | 39.195 | 38.75 | 39.02 | 13,195,567 | 00:59:44 |
From May 2019 to May 2024
Verizon Communications Inc. on Monday announced the pricing of $8.2 billion in debt that comes due between 2016 and 2018.
Last week, the telecommunications giant offered to buy back the older bonds as part of a refinancing plan at above-market rates.
The company at that time was shopping $4.5 billion in debt to investors in its largest U.S. sale since its mammoth $49 billion deal in September.
That deal, the largest corporate bond sale on record, helped finance the $130 billion acquisition of Vodafone Group PLC's stake in Verizon Wireless. In February, Verizon sold roughly $5.4 billion worth of debt denominated in euros and sterling, also to help finance the acquisition.
In January, Verizon sold $500 million in bonds in the U.S., in a deal geared toward individual investors. The latest sale was directed at institutional investors, such as pension funds, insurance companies and mutual funds.
The Verizon sale comes after investment-grade companies sold roughly $48 billion in debt earlier this month.
Write to Anna Prior at anna.prior@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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