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General

Verizon repurchases USD 897 mln in notes

Tuesday 13 November 2012 | 10:13 CET | News
Verizon Communications has announced the expiration and final results of its previously announced tender offer to purchase for cash its outstanding USD 1.25 billion of 8.95 percent notes due 2039. The tender offer expired 9 November. At the expiration, USD 896.6 million in aggregate principal amount of the notes, representing approximately 71.73 percent of the total outstanding, were validly tendered. Verizon has accepted for payment all of the tendered notes and will make payment on the expected settlement date of 13 November. Verizon will pay holders the purchase price of USD 1,864.63 for

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Categories: General
Companies: Verizon Communications
Countries: United States
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