Verizon Registers Existing Debt Notes Maturing 2024-2039

TL;DR

**Verizon just filed an 8-K listing a bunch of its existing bonds, nothing new, just a formality.**

AI Summary

Verizon Communications Inc. filed an 8-K on January 17, 2024, indicating that it has issued various fixed-rate notes with maturity dates ranging from 2024 to 2039 and interest rates from 0.375% to 4.750%. This filing simply registers these existing debt instruments, which is a routine disclosure for a company of Verizon's size. For investors, this filing confirms Verizon's ongoing debt structure, which is important for understanding the company's financial leverage and future interest payment obligations.

Why It Matters

This filing provides transparency on Verizon's long-term debt obligations, which impacts its financial health and ability to fund future operations and dividends.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of existing debt instruments and does not indicate any new or unusual financial activity.

Analyst Insight

A smart investor would note Verizon's existing debt structure and its associated interest rates and maturity profiles, but recognize this filing itself doesn't signal new financial events requiring immediate action. It's a data point for long-term financial analysis.

Key Numbers

• 0.375% — Lowest interest rate on notes (Indicates the cost of some of Verizon's debt)
• 4.750% — Highest interest rate on notes (Indicates the cost of some of Verizon's debt)
• 2024 — Earliest maturity year (When some of Verizon's debt obligations become due)
• 2039 — Latest maturity year (When some of Verizon's debt obligations become due)

Key Players & Entities

• VERIZON COMMUNICATIONS INC (company) — the filer of the 8-K
• 0.375% (dollar_amount) — lowest interest rate on notes
• 4.750% (dollar_amount) — highest interest rate on notes
• 2024 (date) — earliest maturity date of notes
• 2039 (date) — latest maturity date of notes

FAQ

Key Financial Figures

• $0.10 — ich Registered Common Stock, par value $0.10 VZ New York Stock Exchange Common Stoc
• $5.8 billion — will impairment charge of approximately $5.8 billion (before and after-tax), resulting in th
• $1.7 billion — lance of the Business reporting unit of $1.7 billion as of December 31, 2023. SIGNATURE P

Filing Documents

• vz-20240117.htm (8-K) — 73KB
• 0000732712-24-000003.txt ( ) — 445KB
• vz-20240117.xsd (EX-101.SCH) — 9KB
• vz-20240117_def.xml (EX-101.DEF) — 31KB
• vz-20240117_lab.xml (EX-101.LAB) — 72KB
• vz-20240117_pre.xml (EX-101.PRE) — 33KB
• vz-20240117_htm.xml (XML) — 26KB

01. Other Events

Item 8.01. Other Events. As Verizon Communications Inc. (Verizon) has previously disclosed, in 2023, Verizon Business Group (Business) experienced secular declines, as well as continuing competitive and macroeconomic pressure, in wireline revenue across its customer groups. In the fourth quarter of 2023, in connection with its annual budget process, Verizon completed a comprehensive five-year strategic planning review of its Business reporting unit resulting in lower financial projections compared to the prior year five-year strategic planning cycle. The revised projections were used as a key input into the Business reporting unit's annual goodwill impairment test performed in the fourth quarter of 2023. The impairment test determined that the fair value of the Business reporting unit was less than its carrying value. As a result, in the fourth quarter of 2023, Verizon recorded a non-cash goodwill impairment charge of approximately $5.8 billion (before and after-tax), resulting in the goodwill balance of the Business reporting unit of $1.7 billion as of December 31, 2023. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Verizon Communications Inc. (Registrant) Date: January 17, 2024 /s/ Mary-Lee Stillwell Mary-Lee Stillwell Senior Vice President and Controller

View Full Filing

View this 8-K filing on SEC EDGAR