Verizon Details Debt Obligations Ranging 0.375%-4.750% Due 2024-2039
Ticker: VZ · Form: 8-K · Filed: 2024-02-02T00:00:00.000Z
Sentiment: neutral
Topics: debt, fixed-income, corporate-finance
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
What is the earliest maturity date for any of the notes mentioned in this 8-K filing?
The earliest maturity date for notes mentioned in this 8-K filing is 2024, specifically for 'vz:A1.625NotesDue2024Member' and 'vz:A4.073NotesDue2024Member' as of January 31, 2024.
What is the latest maturity date for any of the notes detailed in this filing?
The latest maturity date for notes detailed in this filing is 2039, specifically for 'vz:A1.500NotesDue2039Member' and 'vz:A3.500FixedRateNotesDue2039Member' as of January 31, 2024.
What is the lowest interest rate reported for any of Verizon's notes in this 8-K?
The lowest interest rate reported for Verizon's notes in this 8-K is 0.375%, for 'vz:A0375NotesDue2029Member' due in 2029.
What is the highest interest rate reported for any of Verizon's notes in this 8-K?
The highest interest rate reported for Verizon's notes in this 8-K is 4.750%, for 'vz:NotesDue2034475Member' and 'vz:A4.750NotesDue2034Member' due in 2034.
What type of information is primarily conveyed in this 8-K filing, according to the 'ITEM INFORMATION' section?
According to the 'ITEM INFORMATION' section, this 8-K primarily conveys 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers', although the detailed content focuses on debt instruments.
From the Filing
0001193125-24-022476.txt : 20240202 0001193125-24-022476.hdr.sgml : 20240202 20240202100057 ACCESSION NUMBER: 0001193125-24-022476 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240131 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240202 DATE AS OF CHANGE: 20240202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VERIZON COMMUNICATIONS INC CENTRAL INDEX KEY: 0000732712 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] ORGANIZATION NAME: 06 Technology IRS NUMBER: 232259884 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08606 FILM NUMBER: 24589107 BUSINESS ADDRESS: STREET 1: 1095 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-395-1000 MAIL ADDRESS: STREET 1: 1095 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: BELL ATLANTIC CORP DATE OF NAME CHANGE: 19920703 8-K 1 d745812d8k.htm 8-K 8-K 0000732712 false 0000732712 2024-01-31 2024-01-31 0000732712 vz:A1.625NotesDue2024Member 2024-01-31 2024-01-31 0000732712 vz:A4.073NotesDue2024Member 2024-01-31 2024-01-31 0000732712 vz:A0.875NotesDue2025Member 2024-01-31 2024-01-31 0000732712 vz:A3.250NotesDue2026Member 2024-01-31 2024-01-31 0000732712 vz:A1.375NotesDue2026Member 2024-01-31 2024-01-31 0000732712 vz:A0.875NotesDue2027Member 2024-01-31 2024-01-31 0000732712 vz:A1.375NotesDue2028Member 2024-01-31 2024-01-31 0000732712 vz:A1125NotesDue2028Member 2024-01-31 2024-01-31 0000732712 vz:A2350FixedRateNotesDue2028Member 2024-01-31 2024-01-31 0000732712 vz:A1.875NotesDue2029Member 2024-01-31 2024-01-31 0000732712 vz:A0375NotesDue2029Member 2024-01-31 2024-01-31 0000732712 vz:A1.250NotesDue2030Member 2024-01-31 2024-01-31 0000732712 vz:A1.875NotesDue2030Member 2024-01-31 2024-01-31 0000732712 vz:NotesDue20304250Member 2024-01-31 2024-01-31 0000732712 vz:A2.625NotesDue2031Member 2024-01-31 2024-01-31 0000732712 vz:A2.500NotesDue2031Member 2024-01-31 2024-01-31 0000732712 vz:A3000FixedRateNotesDue2031Member 2024-01-31 2024-01-31 0000732712 vz:A0.875NotesDue2032Member 2024-01-31 2024-01-31 0000732712 vz:A0750NotesDue2032Member 2024-01-31 2024-01-31 0000732712 vz:A1300NotesDue2033Member 2024-01-31 2024-01-31 0000732712 vz:NotesDue2034475Member 2024-01-31 2024-01-31 0000732712 vz:A4.750NotesDue2034Member 2024-01-31 2024-01-31 0000732712 vz:A3.125NotesDue2035Member 2024-01-31 2024-01-31 0000732712 vz:A1125NotesDue2035Member 2024-01-31 2024-01-31 0000732712 vz:A3.375NotesDue2036Member 2024-01-31 2024-01-31 0000732712 vz:A2.875NotesDue2038Member 2024-01-31 2024-01-31 0000732712 vz:A1875NotesDue2038Member 2024-01-31 2024-01-31 0000732712 vz:A1.500NotesDue2039Member 2024-01-31 2024-01-31 0000732712 vz:A3.500FixedRateNotesDue2039Member 2024-01-31 2024-01-31 0000732712 vz:A1850NotesDue2040Member 2024-01-31 2024-01-31 0000732712 vz:A3850FixedRateNotesDue2041Member 2024-01-31 2024-01-31 0000732712 exch:XNYS us-gaap:CommonStockMember 2024-01-31 2024-01-31 0000732712 exch:XNCM us-gaap:CommonStockMember 2024-01-31 2024-01-31     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 31, 2024 (Date of earliest event reported)     VERIZON COMMUNICATIONS INC. (Exact name of registrant as specified in its charter)       Delaware   1-8606   23-2259884 (State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)   1095 Avenue of the Americas New York , New York     10036 (Address of principal executive offices)     (Zip Code) Registrant’s telephone number, in