The NAACP Commends Verizon for Selecting Diverse Underwriters for Retail Note Listing

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.

“Verizon should be commended for recognizing the value of diversity in selecting well qualified underwriters for this retail note listing,” stated Hilary O. Shelton, NAACP Washington Bureau Director and Senior Vice President for Policy and Advocacy.  “Verizon 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.”

In addition to selected minority and women-owned businesses, Verizon has also selected two firms that are owned and operated by service-disabled veterans.

Verizon’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.