Last updated on April 17, 2014 at 21:23 EDT

Verizon Delaware LLC to Redeem 7% Debentures, Due December 1, 2023. Verizon New York Inc. to Redeem 7% Debentures, Due December 1, 2033

October 25, 2013

NEW YORK, Oct. 25, 2013 /PRNewswire/ — Verizon Communications Inc. today announced that its subsidiary, Verizon Delaware LLC, will redeem the entire outstanding principal amount of its $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 $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.

The name and address of the paying agent for the redemptions is:

    By Mail                   By Courier            By Hand
    -------                   ----------            -------

    U.S. Bank                 U.S. Bank             U.S. Bank

    Corporate Trust Services   Corporate Trust       Corporate Trust
                               Services              Services

    Attn: Registered
     Payments                 60 Livingston Avenue  100 Wall Street

    EP-MN-WS2N                 1st Fl - Bond Drop
                               Window               Suite 1600

    60 Livingston Avenue       St Paul, MN
                               55107-2292           New York, NY  10005

    St. Paul, MN  55107-2292

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America’s most reliable wireless network, with more than 101 million retail connections nationwide. Verizon also provides converged communications, information and entertainment services over America’s most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries. A Dow 30 company with nearly $116 billion in 2012 revenues, Verizon employs a diverse workforce of 178,300. For more information, visit www.verizon.com.

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SOURCE Verizon Communications Inc.

Source: PR Newswire