VZ » Topics » Prepayments

This excerpt taken from the VZ 8-K filed Dec 29, 2008.

Prepayments

The Credit Agreement requires Verizon Wireless to reduce unused commitments and prepay the loans with 100% of the net cash proceeds received from specified asset sales, issuances or sales of equity and incurrences of borrowed money indebtedness, subject to certain exceptions.

This excerpt taken from the VZ 8-K filed Jun 11, 2008.

Prepayments

The Credit Agreement requires Verizon Wireless to prepay the loans and terminate unused commitments with 100% of the net cash proceeds received from issuances or sales of equity (in each case subject to specified exceptions, including certain intercompany transactions and equity issuances and sales to Vodafone Group plc or any of its subsidiaries) and incurrences of indebtedness constituting borrowed money.

EXCERPTS ON THIS PAGE:

8-K
Dec 29, 2008
8-K
Jun 11, 2008
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