4th Oct 2013 07:00
Verizon Communications Inc.
Notice of filing with the U.S. Securities and Exchange Commission (SEC)
On October 3, 2013, Verizon Communications Inc. (Verizon) filed a Report on Form 8-K with the SEC disclosing that on October 1, 2013, Verizon entered into a $12.0 billion Term Loan Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent (JPM), and the lenders named therein. The Term Loan Credit Agreement, in part, provides Verizon with the ability to borrow up to $12.0 billion to finance Verizon's previously announced acquisition of the indirect 45% interest of Vodafone Group Plc (Vodafone) in Cellco Partnership d/b/a Verizon Wireless, pursuant to the stock purchase agreement entered into among Verizon, Vodafone and Vodafone 4 Limited on September 2, 2013 and to pay related fees and expenses.
Upon the entry into the Term Loan Credit Agreement, the previously disclosed Bridge Credit Agreement that Verizon entered into on September 2, 2013 with JPM, as administrative agent, and the lenders named therein was terminated in accordance with its terms.
The communication may be viewed on the SEC website at www.sec.gov and on the Verizon website at www.verizon.com/investor.
A copy of the above document has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.Hemscott.com/nsm.do.
Related Shares:
VZC.L