Verizon Closes Sale of $3.3 Billion in Notes

Verizon Closes Sale of $3.3 Billion in Notes NEW YORK, June 11, 2014 -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) todayclosed on the sale of $1,300,000,000 Floating Rate Notes due 2017 and $2,000,000,0001.35% Notes due 2017. As described in the Prospectus Supplement dated June 4, 2014, and posted athttp://www.verizon.com/investor/secfiling.htm , net proceeds from the sale are primarilyintended to repay certain borrowings under a term-loan credit agreement, datedOct. 1, 2013, as well as for general corporate purposes. The underwriters, including four minority, women and veteran-owned firms, were: BarclaysCapital Inc.; J.P. Morgan Securities LLC; Morgan Stanley & Co. LLC; Citigroup GlobalMarkets Inc.; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Blaylock Beal Van, LLC;CastleOak Securities, L.P.; Drexel Hamilton, LLC; and Muriel Siebert & Co., Inc. Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a globalleader in delivering broadband and other wireless and wireline communications servicesto consumer, business, government and wholesale customers. Verizon Wireless operatesAmerica's most reliable wireless network, with more than 103 million retail connectionsnationwide. Verizon also provides converged communications, information and entertainmentservices over America's most advanced fiber-optic network, and delivers integrated businesssolutions to customers in more than 150 countries. A Dow 30 company with more than $120billion in 2013 revenues, Verizon employs a diverse workforce of 176,900. For more information,visit www.verizon.com . VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies,media contacts and other information are available at Verizon's online News Center atnewscenter.verizon.com . The news releases are available through an RSS feed. To subscribe,visit newscenter.verizon.com/corporate/feeds . SOURCE Verizon Communications Inc.

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