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Verizon to redeem debt securities on April 23, 2025

1. Verizon will redeem $984.8 million in notes on April 23, 2025. 2. Redemption price equal to 100% of principal or present value of payments. 3. Investors may appreciate reduced long-term debt with this redemption. 4. Details on redemption pricing calculated three business days prior to the date. 5. Media inquiries can be directed to Verizon's corporate communications.

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FAQ

Why Bullish?

Redeeming debt may signal financial strength and improve credit metrics, potentially increasing investor confidence.

How important is it?

The announcement directly relates to Verizon's financial strategy and may enhance market perception.

Why Short Term?

The immediate impact is tied to the bond redemption announcement, likely affecting stock performance leading up to April 23, 2025.

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TTMUSVZ
March 24, 2025 08:20 ET  | Source: Verizon Communications, Inc. NEW YORK, March 24, 2025 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) today announced that it will redeem the following notes on April 23, 2025 (the “Redemption Date”): I.D. NumberTitle of SecurityPrincipal AmountOutstandingCUSIP: 92343V DD3ISIN: US92343VDD38Common Code: 1466075942.625% Notes due 2026 (the “Notes”)$984,778,000 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 being redeemed (exclusive of interest accrued to the Redemption Date), as the case may be, discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the Notes) plus 20 basis points (the “Redemption Price”), plus, in either case, 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, Attn: Corporate Trust Services, 111 Fillmore Ave E, St. Paul, MN 55107, or via telephone at 1-800-934-6802. Media contact: Katie Magnottakatie.magnotta@verizon.com 201-602-9235

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