Verizon will fully redeem €842,980,000 of its 3.25% Notes due 2026 on September 3, 2025.
Quiver AI Summary
Verizon Communications Inc. announced plans to redeem €842,980,000 of its 3.25% notes due 2026 on September 3, 2025. The redemption price will be determined as the greater of 100% of the principal amount or the present values of the remaining payments of principal and interest, calculated based on a specified government bond rate plus an additional 25 basis points. Interest accrued until the redemption date will also be included in the total amount. For further inquiries about the redemption, stakeholders can contact U.S. Bank Trust Company.
Potential Positives
- Verizon is proactively managing its debt by redeeming €842,980,000 of 3.25% Notes due 2026, which can enhance its financial stability and investor confidence.
- The redemption is scheduled for September 3, 2025, indicating a clear timeline for investors regarding the repayment of the notes.
- This strategic decision may signal to the market that Verizon is in a strong position to meet its financial obligations, potentially leading to improved credit ratings.
- The redemption price mechanism outlined in the release ensures transparency, which helps maintain credibility with investors and stakeholders.
Potential Negatives
- Redeeming significant notes ahead of maturity could indicate potential cash flow issues or liquidity concerns within the company.
- Investors may perceive the redemption as a lack of confidence in future debt management or an alternative financing strategy.
- The redemption of the notes implies that investors will not benefit from future interest payments, which could negatively impact investor sentiment.
FAQ
When will Verizon redeem the notes?
Verizon will redeem the notes on September 3, 2025.
What is the principal amount of the notes being redeemed?
The principal amount of the notes being redeemed is €842,980,000.
How is the redemption price for the notes determined?
The redemption price is based on the greater of 100% of the principal amount or the present values of remaining scheduled payments.
Who should I contact for questions about the redemption?
Questions should be directed to U.S. Bank Trust Company at 1-800-934-6802.
What is the CUSIP number for the Verizon notes?
The CUSIP number for the Verizon notes is 92343V BW3.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Here’s a breakdown of recent trading of $VZ stock by members of Congress over the last 6 months:
- REPRESENTATIVE JEFFERSON SHREVE sold up to $50,000 on 05/12.
- REPRESENTATIVE DAN NEWHOUSE sold up to $15,000 on 04/11.
- REPRESENTATIVE ROBERT BRESNAHAN purchased up to $50,000 on 04/08.
- REPRESENTATIVE JULIE JOHNSON sold up to $15,000 on 04/01.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$VZ Insider Trading Activity
$VZ insiders have traded $VZ stock on the open market 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 have been sales.
Here’s a breakdown of recent trading of $VZ stock by insiders over the last 6 months:
- KYLE MALADY (EVP and Group CEO-VZ Business) has made 0 purchases and 8 sales selling 56,090 shares for an estimated $2,387,431.
- VANDANA VENKATESH (EVP-PubPol&ChiefLegalOfficer) has made 0 purchases and 2 sales selling 10,000 shares for an estimated $437,938.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$VZ Hedge Fund Activity
We have seen 1,492 institutional investors add shares of $VZ stock to their portfolio, and 1,425 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GQG PARTNERS LLC added 37,516,167 shares (+303.9%) to their portfolio in Q1 2025, for an estimated $1,701,733,335
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- PARNASSUS INVESTMENTS, LLC removed 13,308,721 shares (-80.1%) from their portfolio in Q1 2025, for an estimated $603,683,584
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To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$VZ Analyst Ratings
Wall Street analysts have issued reports on $VZ in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Tigress Financial issued a "Buy" rating on 04/28/2025
- Oppenheimer issued a "Outperform" rating on 04/01/2025
To track analyst ratings and price targets for $VZ, check out Quiver Quantitative's $VZ forecast page.
$VZ Price Targets
Multiple analysts have issued price targets for $VZ recently. We have seen 8 analysts offer price targets for $VZ in the last 6 months, with a median target of $49.0.
Here are some recent targets:
- Philip Cusick from JP Morgan set a target price of $49.0 on 07/22/2025
- Michael Funk from B of A Securities set a target price of $49.0 on 07/22/2025
- Jonathan Atkin from RBC Capital set a target price of $46.0 on 07/22/2025
- Benjamin Swinburne from Morgan Stanley set a target price of $48.0 on 07/22/2025
- Eric Luebchow from Wells Fargo set a target price of $43.0 on 07/10/2025
- Ivan Feinseth from Tigress Financial set a target price of $56.0 on 04/28/2025
- Maher Yaghi from Scotiabank set a target price of $49.0 on 04/23/2025
Full Release
NEW YORK, July 31, 2025 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) today announced that it will redeem, in whole, the following notes on September 3, 2025 (the “Redemption Date”):
| I.D. Number | Title of Security |
NYSE
Trading Symbol |
Principal Amount
Outstanding |
|
CUSIP: 92343V BW3
ISIN: XS1030900242 Common Code: 103090024 |
3.25% Notes due 2026 (the “Notes”) | VZ 26 | €842,980,000 |
The redemption price for the Notes will be equal to the greater of (i) 100% of the principal amount of the Notes being redeemed, or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes (exclusive of interest accrued to the Redemption Date), as the case may be, discounted to the Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) at the Comparable Government Bond Rate (as defined in the Notes) plus 25 basis points (the “Redemption Price”), plus accrued and unpaid interest on the principal amount being redeemed to, but excluding, the Redemption Date. The Redemption Price will be calculated in accordance with the terms of the Notes on the third Business Day (as defined in the Notes) preceding the Redemption Date.
Questions relating to the notice of redemption and related materials should be directed to the paying agent: U.S. Bank Trust Company, Trust Company, National Association, 333 Thornall Street, Edison, New Jersey 08837, United States of America, or via telephone at 1-800-934-6802.
Media contact:
Katie Magnotta
[email protected]
201-602-9235
