Loop Capital Markets mandated as active book-runner on $1 billion senior unsecured green bond offering for Verizon Communications Inc.

On May 5, 2023, Loop Capital Markets was mandated as an active book-runner on a $1 billion senior unsecured green bond offering for Verizon Communications Inc. The 10-year bond is rated Baa1/BBB+/A-. This transaction marks Verizon’s first trip to the USD bond market in 2023, the fifth green capital raise since its inaugural ESG financing in 2019, and the fourth time Verizon has utilized D&I firms as active book-runners, sharing equal responsibility in bringing this successful green bond issuance to market.

Use of proceeds are earmarked for financing or refinancing eligible green investments.