Milbank LLP advised the underwriters in connection with Verizon’s €2 billion offering of notes consisting of €1 billion 3.250% notes due 2032 and €1 billion 3.750% notes due 2037. Verizon intends to use the net proceeds from the offering for the payment of the redemption price of its outstanding 3.250% euro notes due 2026 and general corporate purposes, including, depending on market and other conditions, the redemption or repayment of other outstanding indebtedness.
The Milbank deal team was led by Corporate Finance and Securities partner Paul Denaro with associates Abir Varma and Christopher Puglisi along with Tax partner Andrew Walker.
