Verizon Details Debt Obligations Ranging 0.375%-4.750% Due 2024-2039

TL;DR

**Verizon just updated its debt schedule, showing various notes due through 2039.**

AI Summary

Verizon Communications Inc. filed an 8-K on February 2, 2024, reporting on various notes due between 2024 and 2039, with interest rates ranging from 0.375% to 4.750%. This filing, dated January 31, 2024, primarily details the company's existing debt obligations. For investors, this matters because it provides transparency into Verizon's long-term financial commitments and its cost of borrowing, which can impact future profitability and dividend sustainability.

Why It Matters

This filing provides a snapshot of Verizon's current debt structure, which is crucial for assessing its financial health and ability to manage future interest payments.

Risk Assessment

Risk Level: low — This filing is informational, detailing existing debt, and does not indicate new, unexpected risks or changes in financial strategy.

Analyst Insight

A smart investor would use this information to understand Verizon's long-term liabilities and factor the cost of debt into their valuation models, especially when considering the company's dividend sustainability.

Key Numbers

• 0.375% — Lowest interest rate (for notes due in 2029)
• 4.750% — Highest interest rate (for notes due in 2034)
• 2024 — Earliest maturity year (for various notes)
• 2039 — Latest maturity year (for various 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 31, 2024 (date) — the period of report for the filing
• February 2, 2024 (date) — the filing date of the 8-K

Forward-Looking Statements

• Verizon will continue to manage its debt obligations effectively, given the staggered maturity dates. (VERIZON COMMUNICATIONS INC) — high confidence, target: 2039
• The company's interest expense will fluctuate based on the varying rates of maturing and new debt. (VERIZON COMMUNICATIONS INC) — medium confidence, target: 2025

FAQ

Key Financial Figures

• $0.10 — ich Registered Common Stock, par value $0.10 VZ New York Stock Exchange Common
• $800,000 — Mr. Skiadas' base salary increased from $800,000 to $1,000,000 and his target long-term
• $1,000,000 — base salary increased from $800,000 to $1,000,000 and his target long-term incentive oppo
• $7,000,000 — rm incentive opportunity increased from $7,000,000 to $8,500,000. SIGNATURES Pursuant to
• $8,500,000 — pportunity increased from $7,000,000 to $8,500,000. SIGNATURES Pursuant to the requireme

Filing Documents

• d745812d8k.htm (8-K) — 71KB
• 0001193125-24-022476.txt ( ) — 410KB
• vz-20240131.xsd (EX-101.SCH) — 9KB
• vz-20240131_def.xml (EX-101.DEF) — 25KB
• vz-20240131_lab.xml (EX-101.LAB) — 45KB
• vz-20240131_pre.xml (EX-101.PRE) — 27KB
• d745812d8k_htm.xml (XML) — 41KB

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: February 2, 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