Verizon Issues $10.5 Billion in Offerings

March 14, 2017

Cleary Gottlieb acted as counsel to Verizon as issuer on multiple offerings launching March 13, 2017.

Cleary Gottlieb represented Verizon on a $10.50 billion senior debt offering consisting of $1.40 billion floating-rate notes due 2022, $1.85 billion 3.125 percent notes due 2022, $3.25 billion 4.125 percent notes due 2027, $3.00 billion 5.250 percent notes due 2037 and $1.50 billion 5.500 percent notes due 2047.

Cleary was also counsel to Verizon on accelerated cash tender offers for 30 series of notes of Verizon and certain of its subsidiaries. The offers take advantage of recently available regulatory relief allowing for accelerated tender offer periods under certain conditions.