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Get filing alertsVerizon closes $4B junior subordinated debt offering at 6.05%-6.20% rates
Filed May 14, 2026 · Period ending May 14, 2026 · ~1 min read
Key Changes
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Verizon raised $4 billion through two tranches of junior subordinated notes: $2B at 6.050% due 2058 and $2B at 6.200% due 2056. These notes rank below senior debt in payment priority.
Item 1.01 view on EDGAR → -
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The 30+ year maturities and fixed rates suggest Verizon is locking in long-term financing, likely for capital expenditures or refinancing existing debt.
8-K: Debt Offering view on EDGAR → -
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Junior subordinated status means these notes carry higher risk than Verizon's senior debt, but the 6%+ rates reflect compensation for that subordination and the long duration.
Item 9.01 verify on EDGAR →
Summary
Verizon completed a $4 billion debt offering on May 14, 2026, issuing two tranches of junior subordinated notes with 30+ year maturities. The company sold $2 billion at 6.050% maturing in 2058 and another $2 billion at 6.200% maturing in 2056. These are subordinated obligations, meaning they rank below Verizon's senior debt in the capital structure.
For retail investors, this represents a significant but routine capital markets transaction. The long maturities and fixed rates suggest Verizon is securing long-term financing, potentially to fund its ongoing 5G network buildout or refinance existing obligations. The 6%+ rates are relatively high by recent standards, reflecting both the subordinated nature of the debt and current market conditions. Watch Verizon's next quarterly report for details on how these proceeds will be deployed and any impact on the company's overall debt-to-equity ratio.
Section-by-Section Diff
Event · Item 9.01 — Financial Statements and Exhibits
Item 9.01 — Financial Statements and Exhibits filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Form of Global Note representing Verizon’s 6.050% Fixed-to-Fixed Rate Junior Subordinated Notes due 2058
Verizon disclosed the form of a new junior subordinated note with a 6.050% fixed rate maturing in 2058. Junior subordinated debt ranks below senior debt in priority and typically has longer maturities, used for capital structure management.
Added in current filing · verify on EDGAR →
Form of Global Note representing Verizon’s 6.200% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056
Verizon disclosed the form of a second junior subordinated note with a 6.200% fixed rate maturing in 2056. This represents additional long-term financing at a slightly higher rate than the 2058 notes.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 1, 2026 · How we verify