Verizon Issues New Debt with Maturities from 2024-2039

TL;DR

**Verizon just issued a bunch of new debt with varying rates and maturities, so keep an eye on their balance sheet.**

AI Summary

Verizon Communications Inc. filed an 8-K on January 24, 2024, reporting a series of debt issuances on January 18, 2024. These include notes with interest rates ranging from 0.375% to 4.750% and maturity dates spanning from 2024 to 2039. This matters to investors because it indicates Verizon's ongoing strategy to manage its debt profile, potentially refinancing existing obligations or funding new projects, which can impact future earnings and financial stability.

Why It Matters

This filing shows Verizon is actively managing its debt, which can affect its interest expenses and overall financial health, impacting shareholder returns.

Risk Assessment

Risk Level: medium — While debt issuance is common, the specific terms and total amount can impact Verizon's financial flexibility and future interest expenses, posing a moderate risk.

Analyst Insight

A smart investor would monitor Verizon's upcoming earnings reports for details on how these new debt issuances impact their interest expense and overall financial leverage, especially given the range of interest rates and maturities.

Key Numbers

• 0.375% — Lowest Interest Rate (for notes due 2029)
• 4.750% — Highest Interest Rate (for notes due 2034)
• 2024 — Earliest Maturity Year (for A1.625 Notes and A4.073 Notes)
• 2039 — Latest Maturity Year (for A1.500 Notes and A3.500 Fixed Rate Notes)

Key Players & Entities

• VERIZON COMMUNICATIONS INC (company) — the filer of the 8-K
• 0.375% (dollar_amount) — lowest interest rate on notes due 2029
• 4.750% (dollar_amount) — highest interest rate on notes due 2034
• 2024 (date) — earliest maturity date for notes
• 2039 (date) — latest maturity date for notes
• January 18, 2024 (date) — date of the reported debt issuances

Forward-Looking Statements

• Verizon's interest expenses will likely increase in the short term due to new debt, but could decrease long-term if higher-rate debt is refinanced. (VERIZON COMMUNICATIONS INC) — medium confidence, target: 2025-01-24
• Verizon will continue to actively manage its debt portfolio, potentially issuing more debt or conducting tender offers to optimize its capital structure. (VERIZON COMMUNICATIONS INC) — high confidence, target: 2025-01-24

FAQ

Key Financial Figures

• $0.10 — ich Registered Common Stock, par value $0.10 VZ New York Stock Exchange Common

Filing Documents

• d701168d8k.htm (8-K) — 71KB
• 0001193125-24-013874.txt ( ) — 406KB
• vz-20240118.xsd (EX-101.SCH) — 9KB
• vz-20240118_def.xml (EX-101.DEF) — 25KB
• vz-20240118_lab.xml (EX-101.LAB) — 45KB
• vz-20240118_pre.xml (EX-101.PRE) — 27KB
• d701168d8k_htm.xml (XML) — 38KB

02

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 18, 2024, Melanie L. Healey, a member of the Board of Directors of Verizon Communications Inc. (Verizon), informed Verizon that she will not stand for re-election when her term expires at Verizon's 2024 annual meeting of shareholders.

SIGNATURES

SIGNATURES 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 hereunto duly authorized. VERIZON COMMUNICATIONS INC. Date: January 24, 2024 By /s/ William L. Horton, Jr. William L. Horton, Jr. Senior Vice President, Deputy General Counsel and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR