Debevoise & Plimpton LLP advised Verizon Communications Inc. in connection with its $49 billion bond offering, the largest-ever corporate bond issue. The deal will help finance Verizon’s acquisition of Vodafone's 45 percent interest in Verizon Wireless for $130 billion. The offering consisted of a mix of 3-year, 5-year, 7-year, 10-year, 20-year and 30-year maturities with fixed or floating interest rates.
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers.
The Debevoise team was led by partner Steven J. Slutzky and included partners Peter A. Furci, Jeffrey J. Rosen and Michael A. Diz, and associates Erin Cleary, Morgan J. Hayes, Adam E. Kopald, Verity A. Van Tassel Richards and Philip S. Voss.