IBM 8-K: Updates on Debt Instruments, Maturities to 2043

Ticker: IBM · Form: 8-K · Filed: 2024-01-24T00:00:00.000Z

Sentiment: neutral

Topics: debt, financial-condition, fixed-income

TL;DR

**IBM just updated its debt list, showing notes and debentures maturing through 2043.**

AI Summary

This 8-K filing from International Business Machines Corp (IBM) on January 24, 2024, primarily lists various debt instruments, including notes and debentures, with different interest rates and maturity dates ranging from 2024 to 2043. While no specific financial results or operational changes are disclosed, the filing serves to update the market on the company's outstanding debt structure. This matters to investors as it provides transparency into IBM's long-term financial obligations and capital structure, which can influence future interest expenses and overall financial health.

Why It Matters

This filing provides a snapshot of IBM's long-term debt, which is crucial for assessing the company's financial leverage and future cash flow commitments for interest payments and principal repayments.

Risk Assessment

Risk Level: low — This filing is informational, detailing existing debt instruments without indicating new financial distress or significant changes to the company's financial position.

Analyst Insight

A smart investor would use this information to understand IBM's debt profile and consider how future interest rate changes might impact the cost of refinancing these obligations as they mature, especially the higher-yielding debentures.

Key Numbers

Key Players & Entities

FAQ

What is the earliest maturity date for any of the debt instruments listed in this 8-K filing?

The earliest maturity date for a listed debt instrument is 2024, specifically for the 'Notes 1.125 Percent Due 2024'.

What is the latest maturity date for any of the debt instruments mentioned in this filing?

The latest maturity date for a listed debt instrument is 2043, specifically for the 'A4000 Notes Due 2043'.

What is the highest interest rate mentioned for any of the debentures in this filing?

The highest interest rate mentioned for debentures is 7.00 Percent, for the 'Debentures 7.00 Percent Due 2025'.

Does this 8-K filing announce any new debt issuance or repayment?

No, this 8-K filing does not announce any new debt issuance or repayment; it primarily lists existing debt instruments with their respective interest rates and maturity dates as of January 24, 2024.

What type of financial instruments are predominantly listed in this 8-K filing?

The filing predominantly lists various types of debt instruments, specifically 'Notes' and 'Debentures', with different interest rates and maturity years.

From the Filing

0000051143-24-000004.txt : 20240124 0000051143-24-000004.hdr.sgml : 20240124 20240124161355 ACCESSION NUMBER: 0000051143-24-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240124 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240124 DATE AS OF CHANGE: 20240124 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL BUSINESS MACHINES CORP CENTRAL INDEX KEY: 0000051143 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER & OFFICE EQUIPMENT [3570] ORGANIZATION NAME: 06 Technology IRS NUMBER: 130871985 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02360 FILM NUMBER: 24556547 BUSINESS ADDRESS: STREET 1: 1 NEW ORCHARD ROAD CITY: ARMONK STATE: NY ZIP: 10504 BUSINESS PHONE: 9144991900 MAIL ADDRESS: STREET 1: 1 NEW ORCHARD RD CITY: ARMONK STATE: NY ZIP: 10504 8-K 1 ibm-20240124.htm 8-K ibm-20240124 0000051143 false CHX 0000051143 2024-01-24 2024-01-24 0000051143 exch:XNYS us-gaap:CommonStockMember 2024-01-24 2024-01-24 0000051143 exch:XCHI us-gaap:CommonStockMember 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:Notes1.125PercentDue2024Member 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:Notes2.875PercentDue2025Member 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:Notes0.950PercentDue2025Member 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:Notes0.875PercentDue2025Member 2024-01-24 2024-01-24 0000051143 ibm:Notes0.300PercentDue2026Member exch:XNYS 2024-01-24 2024-01-24 0000051143 ibm:Notes1.250PercentDue2027Member exch:XNYS 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:A3375NotesDue2027Member 2024-01-24 2024-01-24 0000051143 ibm:Notes0.300PercentDue2028Member exch:XNYS 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:Notes1.750PercentDue2028Member 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:Notes1.500PercentDue2029Member 2024-01-24 2024-01-24 0000051143 ibm:Notes0.875PercentDue2030Member exch:XNYS 2024-01-24 2024-01-24 0000051143 ibm:Notes1.750PercentDue2031Member exch:XNYS 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:A3625NotesDue2031Member 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:Notes0.650PercentDue2032Member 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:Notes1.250PercentDue2034Member 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:A3750NotesDue2035Member 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:A4875NotesDue2038Member 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:Notes1.200PercentDue2040Member 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:A4000NotesDue2043Member 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:Debentures7.00PercentDue2025Member 2024-01-24 2024-01-24 0000051143 ibm:Debentures6.22PercentDue2027Member exch:XNYS 2024-01-24 2024-01-24 0000051143 ibm:Debentures6.50PercentDue2028Member exch:XNYS 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:Debentures5.875PercentDue2032Member 2024-01-24 2024-01-24 0000051143 exch:XNYS ibm:Debentures7.00PercentDue2045Member 2024-01-24 2024-01-24 0000051143 ibm:Debentures7.125PercentDue2096Member exch:XNYS 2024-01-24 2024-01-24 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report: January 24, 2024 (Date of earliest event reported) INTERNATIONAL BUSINESS MACHINES CORPORATION (Exact name of registrant as specified in its charter) New York 1-2360 13-0871985 (State of Incorporation) (Commission File Number) (IRS employer Identification No.) One New Orchard Road Armonk , New York 10504 (Address of principal executive offices) (Zip Code) 914 - 499-1900 (Registrant’s telephone number) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425

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