Verizon Communications Inc. Files 8-K on Debt Issuances
Ticker: VZ · Form: 8-K · Filed: 2024-07-31T00:00:00.000Z
Sentiment: neutral
Topics: debt-issuance, financing, capital-structure
Related Tickers: VZ
TL;DR
Verizon dropped an 8-K detailing a bunch of new debt notes due between 2025-2031. Looks like they're refinancing/raising capital.
AI Summary
On July 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 Verizon's ongoing strategy to manage its capital structure through debt financing.
Why It Matters
This filing provides insight into Verizon's debt management and capital raising activities, which can impact its financial leverage 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 operational changes.
Key Numbers
- 0.375% — Lowest Coupon Rate (Indicates the cost of borrowing for some of the new notes.)
- 4.250% — Highest Coupon Rate (Indicates the cost of borrowing for some of the new notes.)
- 2025-2031 — Note Maturities (Shows the range of debt repayment periods.)
Key Players & Entities
- VERIZON COMMUNICATIONS INC (company) — Filer
- 0000732712 (company) — Central Index Key
- 20240730 (date) — Report Date
- 2025 (date) — Maturity Year for Notes
- 2031 (date) — Maturity Year for Notes
FAQ
What is the total principal amount of the debt issuances detailed in this filing?
The filing does not specify the total principal amount of the debt issuances, only the terms of various note series.
What is the purpose of these new debt issuances?
The filing does not explicitly state the purpose, but it is typical for such issuances to be for general corporate purposes, refinancing existing debt, or funding capital expenditures.
Which specific series of notes are being issued?
The filing lists several series including vz:A0.875NotesDue2025Member, vz:A3.250NotesDue2026Member, vz:A1.375NotesDue2026Member, vz:A0.875NotesDue2027Member, vz:A1.375NotesDue2028Member, vz:A1125NotesDue2028Member, vz:A2350FixedRateNotesDue2028Member, vz:A1.875NotesDue2029Member, vz:A0375NotesDue2029Member, vz:A1.250NotesDue2030Member, vz:A1.875NotesDue2030Member, vz:NotesDue20304250Member, vz:A2.625NotesDue2031Member, and vz:A2.500NotesDue2031Member.
What are the maturity dates for the notes mentioned?
The notes have maturity dates in 2025, 2026, 2027, 2028, 2029, 2030, and 2031.
What is the lowest interest rate on the notes being issued?
The lowest interest rate mentioned is 0.375% for the vz:A0375NotesDue2029Member series.
From the Filing
0001193125-24-189129.txt : 20240731 0001193125-24-189129.hdr.sgml : 20240731 20240730195505 ACCESSION NUMBER: 0001193125-24-189129 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240730 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240731 DATE AS OF CHANGE: 20240730 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: 241159487 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 d876375d8k.htm 8-K 8-K 0000732712 false 0000732712 2024-07-30 2024-07-30 0000732712 vz:A0.875NotesDue2025Member 2024-07-30 2024-07-30 0000732712 vz:A3.250NotesDue2026Member 2024-07-30 2024-07-30 0000732712 vz:A1.375NotesDue2026Member 2024-07-30 2024-07-30 0000732712 vz:A0.875NotesDue2027Member 2024-07-30 2024-07-30 0000732712 vz:A1.375NotesDue2028Member 2024-07-30 2024-07-30 0000732712 vz:A1125NotesDue2028Member 2024-07-30 2024-07-30 0000732712 vz:A2350FixedRateNotesDue2028Member 2024-07-30 2024-07-30 0000732712 vz:A1.875NotesDue2029Member 2024-07-30 2024-07-30 0000732712 vz:A0375NotesDue2029Member 2024-07-30 2024-07-30 0000732712 vz:A1.250NotesDue2030Member 2024-07-30 2024-07-30 0000732712 vz:A1.875NotesDue2030Member 2024-07-30 2024-07-30 0000732712 vz:NotesDue20304250Member 2024-07-30 2024-07-30 0000732712 vz:A2.625NotesDue2031Member 2024-07-30 2024-07-30 0000732712 vz:A2.500NotesDue2031Member 2024-07-30 2024-07-30 0000732712 vz:A3000FixedRateNotesDue2031Member 2024-07-30 2024-07-30 0000732712 vz:A0.875NotesDue2032Member 2024-07-30 2024-07-30 0000732712 vz:A0750NotesDue2032Member 2024-07-30 2024-07-30 0000732712 vz:A3.500NotesDue2032Member 2024-07-30 2024-07-30 0000732712 vz:A1300NotesDue2033Member 2024-07-30 2024-07-30 0000732712 vz:NotesDue2034475Member 2024-07-30 2024-07-30 0000732712 vz:A4.750NotesDue2034Member 2024-07-30 2024-07-30 0000732712 vz:A3.125NotesDue2035Member 2024-07-30 2024-07-30 0000732712 vz:A1125NotesDue2035Member 2024-07-30 2024-07-30 0000732712 vz:A3.375NotesDue2036Member 2024-07-30 2024-07-30 0000732712 vz:A3.750NotesDue2036Member 2024-07-30 2024-07-30 0000732712 vz:A2.875NotesDue2038Member 2024-07-30 2024-07-30 0000732712 vz:A1875NotesDue2038Member 2024-07-30 2024-07-30 0000732712 vz:A1.500NotesDue2039Member 2024-07-30 2024-07-30 0000732712 vz:A3.500FixedRateNotesDue2039Member 2024-07-30 2024-07-30 0000732712 vz:A1850NotesDue2040Member 2024-07-30 2024-07-30 0000732712 vz:A3850FixedRateNotesDue2041Member 2024-07-30 2024-07-30 0000732712 exch:XNYS us-gaap:CommonStockMember 2024-07-30 2024-07-30 0000732712 exch:XNCM us-gaap:CommonStockMember 2024-07-30 2024-07-30 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 30, 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, including area code: ( 212 ) 395-1000 Not Applicable (Fo