Verizon Communications Inc. Files 8-K on Debt Issuances

Ticker: VZ · Form: 8-K · Filed: 2024-07-22T00:00:00.000Z

Sentiment: neutral

Topics: debt-issuance, financing, notes

Related Tickers: VZ

TL;DR

Verizon just dropped an 8-K on a bunch of new debt notes due between 2025-2031. Rates vary.

AI Summary

On July 22, 2024, Verizon Communications Inc. filed an 8-K report detailing various debt issuances. These include multiple series of notes due in 2025, 2026, 2027, 2028, 2029, 2030, and 2031, with coupon rates ranging from 0.375% to 4.250%. The filing indicates these notes are part of Verizon's ongoing financing activities.

Why It Matters

This filing provides insight into Verizon's capital structure and its ongoing need to raise funds through debt, which could impact its financial leverage and future interest expenses.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of debt issuances and does not indicate any unusual financial distress or significant operational changes.

Key Numbers

0.375% — Lowest Coupon Rate (Indicates the lowest interest rate on newly issued debt notes.)
4.250% — Highest Coupon Rate (Indicates the highest interest rate on newly issued debt notes.)
2025-2031 — Maturity Years (Covers the range of maturity dates for the various debt notes issued.)

Key Players & Entities

VERIZON COMMUNICATIONS INC (company) — Filer
0000732712 (company) — Central Index Key
20240722 (date) — Filing Date

FAQ

What is the aggregate principal amount of the debt notes issued by Verizon Communications Inc. on July 22, 2024?

The provided filing does not specify the aggregate principal amount of the debt notes issued; it only lists the various series and their coupon rates and maturity dates.

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 a company like Verizon to manage its capital structure and fund operations or investments.

Are there any specific covenants or terms associated with these notes mentioned in the filing?

The filing lists the notes as 'Member' notes, but detailed covenants or specific terms for each series are not provided in this summary extract.

Which specific series of notes have the highest and lowest coupon rates?

The lowest coupon rate is 0.375% for 'vz:A0375NotesDue2029Member', and the highest is 4.250% for 'vz:NotesDue20304250Member'.

What is the earliest and latest maturity date for the notes listed?

The earliest maturity date listed is in 2025 for 'vz:A0.875NotesDue2025Member', and the latest maturity date listed is in 2031 for 'vz:A2.625NotesDue2031Member' and 'vz:A2.500NotesDue2031Member'.

From the Filing

0001193125-24-182250.txt : 20240722 0001193125-24-182250.hdr.sgml : 20240722 20240722163856 ACCESSION NUMBER: 0001193125-24-182250 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240722 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240722 DATE AS OF CHANGE: 20240722 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: 241131970 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 d810927d8k.htm 8-K 8-K 0000732712 false 0000732712 2024-07-22 2024-07-22 0000732712 vz:A0.875NotesDue2025Member 2024-07-22 2024-07-22 0000732712 vz:A3.250NotesDue2026Member 2024-07-22 2024-07-22 0000732712 vz:A1.375NotesDue2026Member 2024-07-22 2024-07-22 0000732712 vz:A0.875NotesDue2027Member 2024-07-22 2024-07-22 0000732712 vz:A1.375NotesDue2028Member 2024-07-22 2024-07-22 0000732712 vz:A1125NotesDue2028Member 2024-07-22 2024-07-22 0000732712 vz:A2350FixedRateNotesDue2028Member 2024-07-22 2024-07-22 0000732712 vz:A1.875NotesDue2029Member 2024-07-22 2024-07-22 0000732712 vz:A0375NotesDue2029Member 2024-07-22 2024-07-22 0000732712 vz:A1.250NotesDue2030Member 2024-07-22 2024-07-22 0000732712 vz:A1.875NotesDue2030Member 2024-07-22 2024-07-22 0000732712 vz:NotesDue20304250Member 2024-07-22 2024-07-22 0000732712 vz:A2.625NotesDue2031Member 2024-07-22 2024-07-22 0000732712 vz:A2.500NotesDue2031Member 2024-07-22 2024-07-22 0000732712 vz:A3000FixedRateNotesDue2031Member 2024-07-22 2024-07-22 0000732712 vz:A0.875NotesDue2032Member 2024-07-22 2024-07-22 0000732712 vz:A0750NotesDue2032Member 2024-07-22 2024-07-22 0000732712 vz:A3.500NotesDue2032Member 2024-07-22 2024-07-22 0000732712 vz:A1300NotesDue2033Member 2024-07-22 2024-07-22 0000732712 vz:NotesDue2034475Member 2024-07-22 2024-07-22 0000732712 vz:A4.750NotesDue2034Member 2024-07-22 2024-07-22 0000732712 vz:A3.125NotesDue2035Member 2024-07-22 2024-07-22 0000732712 vz:A1125NotesDue2035Member 2024-07-22 2024-07-22 0000732712 vz:A3.375NotesDue2036Member 2024-07-22 2024-07-22 0000732712 vz:A3.750NotesDue2036Member 2024-07-22 2024-07-22 0000732712 vz:A2.875NotesDue2038Member 2024-07-22 2024-07-22 0000732712 vz:A1875NotesDue2038Member 2024-07-22 2024-07-22 0000732712 vz:A1.500NotesDue2039Member 2024-07-22 2024-07-22 0000732712 vz:A3.500FixedRateNotesDue2039Member 2024-07-22 2024-07-22 0000732712 vz:A1850NotesDue2040Member 2024-07-22 2024-07-22 0000732712 vz:A3850FixedRateNotesDue2041Member 2024-07-22 2024-07-22 0000732712 exch:XNYS us-gaap:CommonStockMember 2024-07-22 2024-07-22 0000732712 exch:XNCM us-gaap:CommonStockMember 2024-07-22 2024-07-22     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: July 22, 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 (Address of principal executive offices)     10036 (Zip Code) Registrant’s telephone number, including area code: ( 212 ) 395-1000 Not Applicable (Former name or former address, if changed sin