Sources: Verizon and Vodafone, Financial Times, Investors Chronicle, Bloomberg
quote: Of the $129B USD in the deal, $58.9B USD is cash. Where does one get close to sixty billion dollars in cash? Well, you go to the bank, of course.
quote: The deal is funded by:Bond Offerings $49B USD (U.S., 8-part, Sept. 2013) $5.4B USD (Europe, 3-part, Feb. 2014)Bridge Loan 1-year $6.6B USD
quote: The total payments to the top four banks were $41.6M USD a piece, with $265.3M USD in total paid to these banks and other smaller underwriters.
quote: On Feb. 24 it issued Vodafone 1,274,764,121 shares of Verizon common stock to accompany the $58.9B USD hoard. Verizon shares closed at a price of $47.27, and under the deal terms $0.10 USD/share was deducted from the price to give a figure of $60.1B USD.