Washington, DC — The NAACP commends Verizon Communications for their recent decision to select 11 minority and women-owned underwriters for its $500 million retail note listing.
â€œVerizon should be commended for recognizing the value of diversity in selecting well qualified underwriters for this retail note listing,â€ stated Hilary O. Shelton, NAACP Washington Bureau Director and Senior Vice President for Policy and Advocacy.Â â€œVerizon continues to demonstrate strong and effective leadership and should serve as an example for all other companies that seek to successfully incorporate diversity into their business model.â€
In addition to selected minority and women-owned businesses, Verizon has also selected two firms that are owned and operated by service-disabled veterans.
Verizonâ€™s retail notes are designed to permit individual investors the opportunity to easily and affordably purchase Verizon debt. This is their first offering of retail notes in more than a decade.