Verizon Delaware LLC to Redeem 7% Debentures
OREANDA-NEWS. November 06, 2013. Verizon Communications Inc. announced that its subsidiary, Verizon Delaware LLC, will redeem the entire outstanding principal amount of its USD 20,000,000 7% Debentures, due December 1, 2023 (CUSIP 252759 AP0) (the “Delaware Securities”), and its subsidiary, Verizon New York Inc., will redeem the entire outstanding principal amount of its USD 200,000,000 7% Debentures, due December 1, 2033 (CUSIP 650094 CB9) (the “New York Securities” and, collectively with the Delaware Securities, the “Securities”).
The redemption date for each series of Securities will be December 1, 2013 (the “Redemption Date”).
The redemption price for each series of Securities will be equal to 100% of the principal amount of the Securities of that series, plus accrued and unpaid interest to the Redemption Date, and will be payable on the Redemption Date. Interest will cease to accrue on and after the Redemption Date with respect to each series of Securities.
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