NEW YORK, Oct. 29, 2013 /PRNewswire/ -- Verizon Communications Inc. today announced that its subsidiaries, Cellco Partnership (the "Partnership"), Verizon Wireless Capital LLC ("Capital" and together with the Partnership, "the "Issuers"), will redeem the entire outstanding principal amount of its $3,500,000,000 5.55% Notes, due February 1, 2014 (CUSIP 92344S AP5) (the "Notes"). The redemption date for the Notes will be November 29, 2013 (the "Redemption Date"). The redemption price for the Notes will be equal to the sum of the present values of the remaining scheduled payments of principal and interest on the Notes (exclusive of interest accrued to the Redemption Date), discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the Notes) plus 75 basis points (the "Redemption Price"), plus accrued and unpaid interest on the principal amount to the Redemption Date. The Redemption Price will be calculated by the Issuers or their agent in accordance with the terms of the Notes on the third business day preceding the Redemption Date.
The name and address of the paying agent for the redemption 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.