Corning Inc. Discloses Debt Maturities and Rates
Ticker: GLW · Form: 8-K · Filed: Jun 10, 2024 · CIK: 24741
Sentiment: neutral
Topics: debt, financing, disclosure
Related Tickers: GLW
TL;DR
Corning's got debt due in '26 and '31, with specific interest rates. Check the filing for details.
AI Summary
On June 10, 2024, Corning Incorporated filed an 8-K report to disclose information regarding its financial instruments. The filing specifically mentions "ThreePointEightSeventyFivePercentageNotesDue2026" and "FourPointOneTwentyFivePercentageNotesDue2031", indicating outstanding debt obligations with specific interest rates and maturity dates.
Why It Matters
This filing provides investors with crucial details about Corning's outstanding debt, including interest rates and maturity dates, which are important for assessing the company's financial health and future obligations.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of existing financial instruments and does not indicate any new or unusual risks.
Key Numbers
- 3.875% — Interest Rate (Notes due 2026)
- 4.125% — Interest Rate (Notes due 2031)
Key Players & Entities
- Corning Incorporated (company) — Registrant
- ThreePointEightSeventyFivePercentageNotesDue2026 (dollar_amount) — Debt Instrument
- FourPointOneTwentyFivePercentageNotesDue2031 (dollar_amount) — Debt Instrument
FAQ
What is the principal amount of the notes due in 2026?
The filing does not specify the principal amount for the "ThreePointEightSeventyFivePercentageNotesDue2026".
What is the principal amount of the notes due in 2031?
The filing does not specify the principal amount for the "FourPointOneTwentyFivePercentageNotesDue2031".
When were these notes issued?
The filing does not provide the issuance date for these notes, only that they are reported as of June 10, 2024.
Are there any covenants associated with these debt instruments?
This 8-K filing does not detail any specific covenants associated with the mentioned notes.
Does this filing indicate any new debt issuance or repayment?
This filing is a disclosure of existing debt instruments and does not indicate any new debt issuance or repayment activity.
Filing Stats: 509 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-06-10 13:03:28
Key Financial Figures
- $0.50 — nge on which registered Common Stock, $0.50 par value per share GLW New York St
Filing Documents
- glw4344521-8k.htm (8-K) — 27KB
- 0001206774-24-000616.txt ( ) — 243KB
- glw-20240610.xsd (EX-101.SCH) — 4KB
- glw-20240610_pre.xml (EX-101.PRE) — 25KB
- glw-20240610_lab.xml (EX-101.LAB) — 36KB
- glw-20240610_def.xml (EX-101.DEF) — 26KB
- glw4344521-8k_htm.xml (XML) — 7KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On June 11, 2024, Corning Incorporated will be hosting investors and analysts at its Sullivan Park Research Facility, starting at 8 AM (ET). Management will be providing business updates and technical demonstrations. Information from the presentations will be available on investor.corning.com under Events and Presentations for 12 months. The information furnished pursuant to Item 7.01 of this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to liabilities under that section and shall not be deemed to be incorporated by reference into any document filed under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
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. CORNING INCORPORATED By: /s/ Linda E. Jolly Name: Linda E. Jolly Title: Vice President and Corporate Secretary Date: June 10, 2024