Issuer:
|
Verizon Communications Inc. | |
Title of Securities:
|
5.500% Notes due 2017 (the “Notes due 2017”) | |
| 6.250% Notes due 2037 (the “Notes due 2037”) | ||
| Floating Rate Notes due 2009 (the “Floating Rate Notes due 2009”) | ||
Trade Date:
|
March 29, 2007 | |
Settlement Date (T+3):
|
April 3, 2007 | |
Maturity Date:
|
Notes due 2017: April 1, 2017 | |
| Notes due 2037: April 1, 2037 | ||
| Floating Rate Notes due 2009: April 3, 2009 | ||
Aggregate Principal Amount Offered:
|
Notes due 2017: $750,000,000 | |
| Notes due 2037: $750,000,000 | ||
| Floating Rate Notes due 2009: $500,000,000 | ||
Price to Public (Issue Price):
|
Notes due 2017: 99.303% plus accrued interest, if any, from April 3, 2007 | |
| Notes due 2037: 99.171% plus accrued interest, if any, from April 3, 2007 | ||
| Floating Rate Notes due 2009: 100% plus accrued interest, if any, from April 3, 2007 | ||
Gross Spread:
|
Notes due 2017: 0.450% | |
| Notes due 2037: 0.875% | ||
| Floating Rate Notes due 2009: 0.150% | ||
Price to Verizon:
|
Notes due 2017: 98.853% | |
| Notes due 2037: 98.296% | ||
| Floating Rate Notes due 2009: 99.850% | ||
Underwriter Reimbursement
of Verizon Expenses:
|
Underwriters to reimburse $937,500 of Verizon expenses. | |
Interest Rate:
|
Notes due 2017: 5.500% per annum | |
| Notes due 2037: 6.250% per annum | ||
| Floating Rate Notes due 2009: three-month LIBOR plus 0.05%. |
2
Interest Payment Dates:
|
Notes due 2017 and Notes due 2037: Semi-annually on each April 1 and October 1, commencing October 1, 2007. | |
| Floating Rate Notes due 2009: Quarterly on each January 3, April 3, July 3 and October 3, commencing July 3, 2007; provided however, that if any such interest payment date would fall on a day that is not a business day, other than the interest payment date that is also the date of maturity, that interest payment date will be postponed to the following day that is a business day, except that if such next business day is in a different month, then that interest payment date will be the immediately preceding day that is a business day; and provided further, that if the date of maturity is not a business day, payment of principal and interest will be made on the following day that is a business day and no interest will accrue for the period from and after such date of maturity. | ||
Denominations:
|
Minimum of $2,000 and integral multiples of $1,000 in excess of $2,000. | |
Optional Redemption:
|
Notes due 2017: Make-whole call at any time at 100% of discounted present value at Treasury Rate plus 25 basis points. | |
| Notes due 2037: Make-whole call at any time at 100% of discounted present value at Treasury Rate plus 30 basis points. | ||
| Floating Rate Notes due 2009: Not redeemable prior to maturity. | ||
Joint Bookrunners:
|
Notes due 2017 and Notes due 2037: Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and UBS Securities LLC | |
| Floating Rate Notes due 2009: Barclays Capital Inc., Goldman, Sachs & Co. and Wachovia Capital Markets, LLC |
3
| Floating Rate | ||||||||||||
| Notes Due 2017 | Notes Due 2037 | Notes Due 2009 | ||||||||||
Citigroup Global Markets Inc. |
$ | 172,500,000 | $ | 172,500,000 | $ | 25,000,000 | ||||||
Credit
Suisse Securities (USA) LLC |
172,500,000 | 172,500,000 | 25,000,000 | |||||||||
UBS Securities LLC |
172,500,000 | 172,500,000 | 25,000,000 | |||||||||
Barclays Capital Inc. |
37,500,000 | 37,500,000 | 115,000,000 | |||||||||
Goldman, Sachs & Co. |
37,500,000 | 37,500,000 | 115,000,000 | |||||||||
Wachovia Capital Markets, LLC |
37,500,000 | 37,500,000 | 115,000,000 | |||||||||
Greenwich Capital Markets, Inc. |
37,500,000 | 37,500,000 | 25,000,000 | |||||||||
Morgan Stanley & Co. Incorporated |
37,500,000 | 37,500,000 | 25,000,000 | |||||||||
Loop Capital Markets, LLC |
7,500,000 | 7,500,000 | 10,000,000 | |||||||||
Muriel Siebert & Co., Inc. |
7,500,000 | 7,500,000 | 10,000,000 | |||||||||
The Williams Capital Group, L.P. |
7,500,000 | 7,500,000 | 10,000,000 | |||||||||
Blaylock & Company, Inc. |
7,500,000 | 7,500,000 | 0 | |||||||||
Guzman & Company |
7,500,000 | 7,500,000 | 0 | |||||||||
Samuel A. Ramirez & Co., Inc. |
7,500,000 | 7,500,000 | 0 | |||||||||
| $ | 750,000,000 | $ | 750,000,000 | $ | 500,000,000 | |||||||
Reference Document:
|
Prospectus Supplement, subject to completion, dated March 29, 2007; Prospectus dated March 29, 2007. |