Summary
Verizon Communications Inc. has successfully closed two significant debt offerings on November 10, 2025, raising a total of €2.25 billion and £1 billion through the issuance of junior subordinated notes. The Euro notes carry a fixed interest rate of 3.9962% and mature in 2056, while the Sterling notes bear a fixed interest rate of 5.7420% and also mature in 2056. These offerings were completed under an effective shelf registration statement filed earlier in the year. These debt issuances are noteworthy as they represent a move to secure long-term financing. Investors should note the substantial principal amounts raised and the respective interest rates, which provide insights into Verizon's cost of capital and its strategy for managing its debt structure. The issuance of subordinated notes typically means these obligations rank below other senior debt in the event of bankruptcy, which can imply a higher risk profile for these specific notes compared to senior unsecured debt, but also often commands a higher yield.
Key Highlights
- 1Verizon closed offerings for €2.25 billion in 3.9962% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056.
- 2Verizon closed offerings for £1 billion in 5.7420% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056.
- 3Both note issuances mature in 2056, indicating long-term debt financing.
- 4The offerings were conducted under an effective shelf registration statement (Reg. No. 333-289928).
- 5The filing includes the forms of the global notes as exhibits.
- 6A syndicate of major financial institutions acted as purchasers for both offerings.