The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

NEW YORK (AFP) – Verizon plans a record $49 billion bond sale as it gathers financing to buy Vodafone’s stake in their Verizon Wireless joint venture, a person familiar with the matter said Wednesday.

The bond offering, which had originally been scaled to $25 billion before being increased, was expected to be priced and sold to investors Wednesday, the person told AFP.

The potential bond sale comes as Verizon seeks to finance its $130 billion buyout of Vodafone’s 45 percent stake in Verizon Wireless, the largest U.S. wireless provider. The partners announced the deal last week.

A Verizon spokesman declined comment.

If successful, the proposed bond sale would far surpass Apple’s $17 billion bond sale launched in April.

Advertising

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Youtube Screenshot

Seven or eight months ago, many Democratic strategists feared that the 2022 midterms would bring a massive red wave like the red waves that plagued President Bill Clinton in 1994 and President Barack Obama in 2010. But that was before the U.S. Supreme Court’s radical-right majority handed down its decision in Dobbs v. Jackson Women’s Health Organization and overturned Roe v. Wade after 49 years. Senate Minority Leader Mitch McConnell still believes that Republicans are likely to “flip” the U.S. House of Representatives, but he considers the U.S. Senate a toss-up.

Keep reading... Show less

President Joe Biden, Justice Ketanji Brown Jackson, and Vice President Kamala Karris

Youtube Screenshot

Newly-minted Supreme Court Justice Ketanji Brown Jackson will join the court — the first Black woman to do so — today when the new court term begins. And to say it plainly: I’m ecstatic about it.

Keep reading... Show less
{{ post.roar_specific_data.api_data.analytics }}