Verizon Communications Inc. Files 8-K on Debt Issuances
Ticker: VZ · Form: 8-K · Filed: Jul 31, 2024 · CIK: 732712
| Field | Detail |
|---|---|
| Company | Verizon Communications Inc (VZ) |
| Form Type | 8-K |
| Filed Date | Jul 31, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.10 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, financing, capital-structure
Related Tickers: VZ
TL;DR
Verizon dropped an 8-K detailing a bunch of new debt notes due between 2025-2031. Looks like they're refinancing/raising capital.
AI Summary
On July 30, 2024, Verizon Communications Inc. filed an 8-K report detailing various debt issuances. These include multiple series of notes due in years ranging from 2025 to 2031, with coupon rates varying from 0.375% to 4.250%. The filing indicates Verizon's ongoing strategy to manage its capital structure through debt financing.
Why It Matters
This filing provides insight into Verizon's debt management and capital raising activities, which can impact its financial leverage and future investment capacity.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of debt issuances and does not indicate any immediate financial distress or significant operational changes.
Key Numbers
- 0.375% — Lowest Coupon Rate (Indicates the cost of borrowing for some of the new notes.)
- 4.250% — Highest Coupon Rate (Indicates the cost of borrowing for some of the new notes.)
- 2025-2031 — Note Maturities (Shows the range of debt repayment periods.)
Key Players & Entities
- VERIZON COMMUNICATIONS INC (company) — Filer
- 0000732712 (company) — Central Index Key
- 20240730 (date) — Report Date
- 2025 (date) — Maturity Year for Notes
- 2031 (date) — Maturity Year for Notes
FAQ
What is the total principal amount of the debt issuances detailed in this filing?
The filing does not specify the total principal amount of the debt issuances, only the terms of various note series.
What is the purpose of these new debt issuances?
The filing does not explicitly state the purpose, but it is typical for such issuances to be for general corporate purposes, refinancing existing debt, or funding capital expenditures.
Which specific series of notes are being issued?
The filing lists several series including vz:A0.875NotesDue2025Member, vz:A3.250NotesDue2026Member, vz:A1.375NotesDue2026Member, vz:A0.875NotesDue2027Member, vz:A1.375NotesDue2028Member, vz:A1125NotesDue2028Member, vz:A2350FixedRateNotesDue2028Member, vz:A1.875NotesDue2029Member, vz:A0375NotesDue2029Member, vz:A1.250NotesDue2030Member, vz:A1.875NotesDue2030Member, vz:NotesDue20304250Member, vz:A2.625NotesDue2031Member, and vz:A2.500NotesDue2031Member.
What are the maturity dates for the notes mentioned?
The notes have maturity dates in 2025, 2026, 2027, 2028, 2029, 2030, and 2031.
What is the lowest interest rate on the notes being issued?
The lowest interest rate mentioned is 0.375% for the vz:A0375NotesDue2029Member series.
Filing Stats: 754 words · 3 min read · ~3 pages · Grade level 6.3 · Accepted 2024-07-30 19:55:05
Key Financial Figures
- $0.10 — ch Registered Common Stock, par value $0.10 VZ New York Stock Exchange Common
Filing Documents
- d876375d8k.htm (8-K) — 72KB
- d876375dex991.htm (EX-99.1) — 11KB
- g876375g75c12.jpg (GRAPHIC) — 8KB
- 0001193125-24-189129.txt ( ) — 437KB
- vz-20240730.xsd (EX-101.SCH) — 9KB
- vz-20240730_def.xml (EX-101.DEF) — 25KB
- vz-20240730_lab.xml (EX-101.LAB) — 45KB
- vz-20240730_pre.xml (EX-101.PRE) — 27KB
- d876375d8k_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: July 30, 2024 By /s/ William L. Horton, Jr. William L. Horton, Jr. Senior Vice President, Deputy General Counsel and Corporate Secretary