Verizon Closes $4B Junior Notes Deal

On 2026-05-14 Verizon closed a $4.0 billion issuance of junior subordinated notes described as having long maturities. The company’s filing-level profile shows Verizon operates two reportable segments—Consumer and Business—with the Consumer segment accounting for roughly 79% of consolidated revenues and the Business segment about 21% for full-year 2025. Verizon reported scale metrics including approximately 147 million wireless retail connections and 14 million broadband connections as of December 31, 2025. This transaction increases the amount of long-dated subordinated debt on Verizon’s balance sheet. The notes are junior in claim priority by virtue of their designation as junior subordinated notes. Beyond the face amount and the issuer designation, the company’s disclosures provided here do not supply coupon, explicit maturity date for this offering, or use-of-proceeds details. Investors valuing capital structure should note only the confirmed facts in the filing: size ($4.0 billion) and the subordinated, long-maturity nature of the issuance.

Verizon’s core business remains highly U.S.-focused across wireless, fixed wireless access (FWA), Fios fiber, and wireline services. The company’s scale in connections and its nationwide spectrum holdings are central operational facts from the company profile. Filings characterize the competitive environment as intense, with AT&T, T-Mobile and Charter as primary competitors and with price competition, promotions and MVNO activity cited as pressures. Risk factors in the company disclosures emphasize regulatory dependencies (FCC spectrum licensing and compliance) and ongoing litigation items. The company’s filings do not assert a structural economic moat; instead they note execution advantages in a commoditizing market. For fixed-income and credit-focused investors, the subordinated nature of this issuance is an important factual input when assessing recovery priority and the company’s overall debt mix. The filings included here do not provide rating changes, covenant details, or explicit debt-service metrics tied to this transaction.