Verizon Communications Files 8-K on Debt Issuances
Ticker: VZ · Form: 8-K · Filed: Sep 30, 2024 · CIK: 732712
| Field | Detail |
|---|---|
| Company | Verizon Communications Inc (VZ) |
| Form Type | 8-K |
| Filed Date | Sep 30, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.10, $3.3 b, $2.8 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, financing, notes
Related Tickers: VZ
TL;DR
Verizon dropped an 8-K detailing a bunch of new notes due between 2025-2031. Rates are all over the place.
AI Summary
On September 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 ongoing financial activities and debt management by the company.
Why It Matters
This filing provides insight into Verizon's ongoing debt financing strategies and capital structure, which can impact its financial flexibility 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 new risks.
Key Numbers
- 0.375% — Lowest Coupon Rate (Indicates a specific low-cost debt instrument issued.)
- 4.250% — Highest Coupon Rate (Indicates a specific higher-cost debt instrument issued.)
- 2025-2031 — Maturity Years (Covers a range of debt maturities for Verizon.)
Key Players & Entities
- VERIZON COMMUNICATIONS INC (company) — Filer
- 0000732712 (company) — Central Index Key
- 20240930 (date) — Report Date
FAQ
What is the total principal amount of the debt issuances disclosed in this 8-K?
The provided text does not specify the total principal amount for these debt issuances, only the coupon rates and maturity dates.
What are the specific names of the entities that purchased these notes?
The filing does not name the purchasers of the notes; it only lists the series of notes issued by Verizon.
What is the purpose of these new debt issuances?
The filing does not explicitly state the purpose of these debt issuances, but they are typical for ongoing corporate financing needs.
Are there any covenants or restrictions associated with these notes?
The provided excerpt does not detail any specific covenants or restrictions associated with these notes.
When were these notes issued?
The filing is dated September 30, 2024, and lists notes with various maturity dates, implying issuance around this period.
Filing Stats: 966 words · 4 min read · ~3 pages · Grade level 8.1 · Accepted 2024-09-30 07:13:03
Key Financial Figures
- $0.10 — ch Registered: Common Stock, par value $0.10 VZ New York Stock Exchange Common
- $3.3 b — bsidiaries of Verizon for approximately $3.3 billion, including certain commercial ben
- $2.8 billion — with upfront proceeds of approximately $2.8 billion in cash and is expected to close by the
Filing Documents
- d889681d8k.htm (8-K) — 75KB
- d889681dex991.htm (EX-99.1) — 13KB
- g889681g87p09.jpg (GRAPHIC) — 13KB
- 0001193125-24-228402.txt ( ) — 450KB
- vz-20240930.xsd (EX-101.SCH) — 9KB
- vz-20240930_def.xml (EX-101.DEF) — 25KB
- vz-20240930_lab.xml (EX-101.LAB) — 45KB
- vz-20240930_pre.xml (EX-101.PRE) — 27KB
- d889681d8k_htm.xml (XML) — 41KB
Forward-Looking Statements
Forward-Looking Statements In this report we have made forward-looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward-looking statements include the information concerning our possible or assumed future results of operations. Forward-looking statements also include those preceded or followed by the words "anticipates," "assumes," "believes," "estimates," "expects," "forecasts," "hopes," "intends," "plans," "targets" or similar expressions. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Item9.01
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 99.1 Joint Press Release, dated September 30, 2024. 104 Cover Page Interactive Data File (formatted as inline XBRL) 1
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. By: /s/ William L. Horton, Jr. Name: William L. Horton, Jr. Title: Senior Vice President, Deputy General Counsel and Corporate Secretary Dated: September 30, 2024 2