The U.S. wireless giant reportedly filed for a five-part bond offering earlier in the day, though the exact size was not disclosed. According to the report, initial price discussions for the longest tranche—a 40-year note—stand at roughly 1.6 percentage points above U.S. Treasuries.
Verizon has not yet responded to Reuters’ request for comment.
The company agreed last year to acquire Frontier for about $9.6 billion while assuming an additional $10 billion in Frontier’s debt. The deal, which received regulatory approval in May after Verizon agreed to discontinue its diversity programs, is expected to close early next year.
The planned debt issuance comes amid a wave of major bond offerings by U.S. corporations seeking to secure funding for strategic expansions, particularly in digital infrastructure and artificial intelligence. Last month, Meta Platforms announced plans for a record $30 billion bond sale, while Oracle is reportedly preparing to raise about $15 billion through a similar move.
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