Verizon Wireless Capital LLC is a special purpose financing vehicle which issues debt. The company was incorporated in 2001 and is based in Bedminster, New Jersey. Verizon Wireless Capital LLC operates as a subsidiary of Cellco Partnership, Inc.
180 Washington Valley Road
Bedminster, NJ 07921
Founded in 2001
Verizon Announces Exchange Offer for Certain Outstanding Verizon Wireless Notes from Eligible Holders
May 29 14
Verizon Communications Inc. announced the commencement of a private offer to exchange up to all of Cellco Partnership's and Verizon Wireless Capital LLC's GBP 600,000,000 outstanding aggregate principal amount of 8.875% Notes due December 18, 2018 for Verizon's new sterling-denominated notes due 2024 and an amount of cash. The Exchange Offer is conditioned on at least GBP 300,000,000 aggregate principal amount of Existing Notes being validly tendered. The Exchange Offer will expire at 11:59 p.m. (New York time) on June 25, 2014, unless extended by Verizon. Tenders of Existing Notes in the Exchange Offer may be validly withdrawn at any time at or prior to 11:59 p.m. (New York time) on June 11, 2014, unless extended by Verizon, but not thereafter, unless additional withdrawal rights are required by law. The price for each GBP 1,000 principal amount of Existing Notes tendered in the Exchange Offer will be calculated at 12:00 noon (London time) on June 11, 2014, unless extended by Verizon.
Verizon Communications Inc. Announces its Subsidiaries, Cellco Partnership and Verizon Wireless Capital LLC Will Redeem $1,250,000,000 of 8.500% Notes, Due November 15, 2018
Feb 28 14
Verizon Communications Inc. announced that its subsidiaries, Cellco Partnership (the Partnership) and Verizon Wireless Capital LLC (Capital and together with the Partnership, the Issuers), will redeem $1,250,000,000 of their 8.500% Notes, due November 15, 2018 (CUSIPS 92344S AG5, 92344S AK6 and U9220 QAD6) (the Notes). There is a total of $2.25 billion in principal amount of the Notes currently outstanding. The Notes to be redeemed will be selected in accordance with the terms of the indenture governing the Notes and the applicable procedures of The Depositary Trust company. The redemption date for the Notes being redeemed will be March 30, 2014 (the Redemption Date). The redemption price for the Notes being redeemed will be equal to the sum of the present values of the remaining scheduled payments of principal and interest on the Notes being redeemed (exclusive of interest accrued to the Redemption Date), discounted to the Redemption Date on a semiannual 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 being redeemed 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. Interest will cease to accrue on the Notes being redeemed on and after the Redemption Date.