Verizon Files 8-K on Debt Issuances

Ticker: VZ · Form: 8-K · Filed: 2024-08-20T00:00:00.000Z

Sentiment: neutral

Topics: debt-issuance, financing, notes

Related Tickers: VZ

TL;DR

Verizon dropped an 8-K detailing a bunch of new debt notes across multiple maturity dates.

AI Summary

On August 20, 2024, Verizon Communications Inc. filed an 8-K report detailing various debt issuances. These include notes due in 2025, 2026, 2027, 2028, 2029, 2030, and 2031, with coupon rates ranging from 0.375% to 4.250%. The filing indicates ongoing financial activities related to its debt structure.

Why It Matters

This filing provides insight into Verizon's ongoing debt management and financing strategies, 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 a specific low-cost borrowing rate for some of the debt.)
4.250% — Highest Coupon Rate (Represents the highest interest rate for the debt issuances detailed.)
2031 — Latest Maturity Year (Shows the longest-term debt issuance mentioned in the filing.)

Key Players & Entities

VERIZON COMMUNICATIONS INC (company) — Filer
20240820 (date) — Filing Date
0000732712 (company) — Central Index Key
1095 AVENUE OF THE AMERICAS (address) — Business Address
212-395-1000 (phone_number) — Business Phone

FAQ

What is the total principal amount of the debt issuances detailed in this 8-K?

The filing does not specify the total principal amount of the debt issuances, only the terms and maturity dates.

What is the purpose of these new debt issuances?

The filing does not explicitly state the purpose of these debt issuances, which is common for routine debt financing.

Are these debt issuances related to any specific projects or acquisitions?

The filing does not link these debt issuances to any specific projects or acquisitions.

What are the specific coupon rates for each maturity date mentioned?

The filing lists various notes with coupon rates such as 0.875% (2025), 3.250% (2026), 1.375% (2026), 0.875% (2027), 1.375% (2028), 1.125% (2028), 2.350% (2028), 1.875% (2029), 0.375% (2029), 1.250% (2030), 1.875% (2030), 4.250% (2030), 2.625% (2031), and 2.500% (2031).

When was Verizon Communications Inc. formerly known as Bell Atlantic Corp?

Verizon Communications Inc. was formerly known as Bell Atlantic Corp. prior to a name change on July 3, 1992.

From the Filing

0001193125-24-203259.txt : 20240820 0001193125-24-203259.hdr.sgml : 20240820 20240820083255 ACCESSION NUMBER: 0001193125-24-203259 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240820 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240820 DATE AS OF CHANGE: 20240820 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: 241222915 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 d885719d8k.htm 8-K 8-K 0000732712 false 0000732712 2024-08-20 2024-08-20 0000732712 vz:A0.875NotesDue2025Member 2024-08-20 2024-08-20 0000732712 vz:A3.250NotesDue2026Member 2024-08-20 2024-08-20 0000732712 vz:A1.375NotesDue2026Member 2024-08-20 2024-08-20 0000732712 vz:A0.875NotesDue2027Member 2024-08-20 2024-08-20 0000732712 vz:A1.375NotesDue2028Member 2024-08-20 2024-08-20 0000732712 vz:A1125NotesDue2028Member 2024-08-20 2024-08-20 0000732712 vz:A2350FixedRateNotesDue2028Member 2024-08-20 2024-08-20 0000732712 vz:A1.875NotesDue2029Member 2024-08-20 2024-08-20 0000732712 vz:A0375NotesDue2029Member 2024-08-20 2024-08-20 0000732712 vz:A1.250NotesDue2030Member 2024-08-20 2024-08-20 0000732712 vz:A1.875NotesDue2030Member 2024-08-20 2024-08-20 0000732712 vz:NotesDue20304250Member 2024-08-20 2024-08-20 0000732712 vz:A2.625NotesDue2031Member 2024-08-20 2024-08-20 0000732712 vz:A2.500NotesDue2031Member 2024-08-20 2024-08-20 0000732712 vz:A3000FixedRateNotesDue2031Member 2024-08-20 2024-08-20 0000732712 vz:A0.875NotesDue2032Member 2024-08-20 2024-08-20 0000732712 vz:A0750NotesDue2032Member 2024-08-20 2024-08-20 0000732712 vz:A3.500NotesDue2032Member 2024-08-20 2024-08-20 0000732712 vz:A1300NotesDue2033Member 2024-08-20 2024-08-20 0000732712 vz:NotesDue2034475Member 2024-08-20 2024-08-20 0000732712 vz:A4.750NotesDue2034Member 2024-08-20 2024-08-20 0000732712 vz:A3.125NotesDue2035Member 2024-08-20 2024-08-20 0000732712 vz:A1125NotesDue2035Member 2024-08-20 2024-08-20 0000732712 vz:A3.375NotesDue2036Member 2024-08-20 2024-08-20 0000732712 vz:A3.750NotesDue2036Member 2024-08-20 2024-08-20 0000732712 vz:A2.875NotesDue2038Member 2024-08-20 2024-08-20 0000732712 vz:A1875NotesDue2038Member 2024-08-20 2024-08-20 0000732712 vz:A1.500NotesDue2039Member 2024-08-20 2024-08-20 0000732712 vz:A3.500FixedRateNotesDue2039Member 2024-08-20 2024-08-20 0000732712 vz:A1850NotesDue2040Member 2024-08-20 2024-08-20 0000732712 vz:A3850FixedRateNotesDue2041Member 2024-08-20 2024-08-20 0000732712 exch:XNYS us-gaap:CommonStockMember 2024-08-20 2024-08-20 0000732712 exch:XNCM us-gaap:CommonStockMember 2024-08-20 2024-08-20     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: August 20, 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 (Former name or former address, if changed s