Verizon stock faces USD 1.75 billion note redemption in December

Verizon Communications announced on Monday, November 9, that it will redeem in full its outstanding 4.125% notes due March 16, 2027, on December 23, 2026. The company said the notes have USD 1.75 billion of principal outstanding. The announcement was published by Verizon.

The redemption covers the entire issue identified by CUSIP 92343V DY7 and ISIN US92343VDY74. Verizon said holders will receive a redemption price equal to the greater of 100% of the principal amount or the present value of the remaining scheduled principal and interest payments. That present value will be discounted semiannually using the applicable Treasury Rate plus 25 basis points.

Pricing depends on Treasury rates

The final redemption price will be calculated on the third business day before December 23. Verizon will also pay accrued and unpaid interest through the redemption date. The structure therefore fixes the redemption date but leaves the final amount above or at par dependent on the contractual calculation and prevailing Treasury rates at the pricing point.

U.S. Bank Trust Company, National Association will act as paying agent. Verizon directed questions about the notice of redemption and related materials to the agent in Edison, New Jersey. The announcement did not give a final dollar price for the redemption because that calculation is scheduled for a later date.

The redemption follows Verizon's separate November debt tender process, but the two actions cover different securities. In the tender offer announced earlier in November, Verizon accepted USD 663.976 million of principal across four note series and settled those purchases on November 9. The December redemption instead targets the full outstanding amount of the 4.125% notes due in March 2027.

What the announcement means for investors

For holders of the targeted notes, the key dates are the pricing calculation before December 23 and the redemption date itself. For Verizon, the announcement identifies an upcoming cash payment tied to a defined debt maturity rather than a change to the company's equity listing or dividend policy. The redemption price and accrued interest will determine the cash received by bondholders.

Verizon stock traded at EUR 42.26 on Lang & Schwarz at 14:30 CET on Thursday, November 12, 2026. Verizon shares are listed on the New York Stock Exchange and Nasdaq under the ticker VZ, according to the company's investor information.

Broader market conditions remain relevant for telecom shares through interest-rate expectations and financing costs; investors can follow the S&P 500 market environment.

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