Verizon Communications Inc. (VZ) announced on Tuesday that it now plans to sell up to $49 billion worth of bonds to fund its $130 billion buyout from Vodafone Group (VOD).
The company previously made a deal with Vodafone to buy back VOD’s 45% in Verizon Wireless.
Verizon now plans to sell fixed rate debt, which will have maturities from 3 years to 30 years, and two portions of floating rate securities. Additionally, the company may sell debt in euros, pounds and yen.
Verizon shares were mostly flat during Wednesday morning trading. The stock is up 7% YTD.