OREANDA-NEWS.  June 18, 2014. Verizon Communications Inc. (NYSE, Nasdaq: VZ) closed on the sale of USD 1,300,000,000 Floating Rate Notes due 2017 and USD 2,000,000,000 1.35% Notes due 2017.

As described in the Prospectus Supplement and posted at http://www.verizon.com/investor/secfiling.htm, net proceeds from the sale are primarily intended to repay certain borrowings under a term-loan credit agreement, dated Oct. 1, 2013, as well as for general corporate purposes.

The underwriters, including four minority, women and veteran-owned firms, were: Barclays Capital Inc.; J.P. Morgan Securities LLC; Morgan Stanley & Co. LLC; Citigroup Global Markets Inc.; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Blaylock Beal Van, LLC; CastleOak Securities, L.P.; Drexel Hamilton, LLC; and Muriel Siebert & Co., Inc.