NEW YORK—Verizon Wireless sold $3.75 billion of debt consisting of $2.5 billion worth of 5.375-percent five year notes and $1.25 billion of two-year floating-rate notes yielding .4 percentage points more than three-month London Interbank Offered Rate.
Moody’s Investor Services rated the carrier’s debt A2 with a negative outlook. Standard & Poor’s gave the debt it’s A-plus rating with a stable outlook.
Verizon Wireless said it would proceeds from the sale to pay down short-term debt.
