IBM Files 8-K for Debt Issuance

Ticker: IBM · Form: 8-K · Filed: 2025-06-20T00:00:00.000Z

Sentiment: neutral

Topics: debt-issuance, financing, material-definitive-agreement

Related Tickers: IBM

TL;DR

IBM just dropped an 8-K on a bunch of new debt offerings – notes and debentures due between 2025 and 2038.

AI Summary

On June 20, 2025, International Business Machines Corp. (IBM) entered into a material definitive agreement related to the issuance of various debt securities. This includes notes due in 2035, 2031, 2027, 2032, 2038, and 2028, as well as debentures due in 2025. The filing also indicates the creation of direct financial obligations for the registrant.

Why It Matters

This filing indicates IBM is raising capital through debt, which could be for expansion, acquisitions, or refinancing existing debt, impacting its financial leverage and future investment capacity.

Risk Assessment

Risk Level: medium — Debt issuance can increase financial risk if not managed effectively, but it's a common financing tool for large corporations.

Key Players & Entities

FAQ

What is the aggregate principal amount of the debt securities being issued?

The filing does not specify the aggregate principal amount of the debt securities being issued.

What are the specific interest rates for each series of notes and debentures?

The filing lists the coupon rates for some of the debt instruments, such as 3.750% for notes due 2035, 3.625% for notes due 2031, 3.375% for notes due 2027, 7.00% for debentures due 2025, 5.875% for debentures due 2032, 4.875% for notes due 2038, 1.750% for notes due 2028, and 2.875% for notes due 2025.

What is the purpose of this debt issuance?

The filing does not explicitly state the purpose of the debt issuance, but it is filed under 'Entry into a Material Definitive Agreement' and 'Creation of a Direct Financial Obligation'.

Are there any covenants or restrictions associated with these new debt obligations?

The filing does not detail specific covenants or restrictions associated with these debt obligations.

When are the maturity dates for each of the debt instruments mentioned?

The maturity dates are indicated in the names of the debt instruments: 2035, 2031, 2027, 2025, 2032, 2038, 2028, and 2025.

From the Filing

0000950157-25-000533.txt : 20250620 0000950157-25-000533.hdr.sgml : 20250620 20250620170006 ACCESSION NUMBER: 0000950157-25-000533 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250620 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250620 DATE AS OF CHANGE: 20250620 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL BUSINESS MACHINES CORP CENTRAL INDEX KEY: 0000051143 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER & OFFICE EQUIPMENT [3570] ORGANIZATION NAME: 06 Technology EIN: 130871985 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02360 FILM NUMBER: 251062140 BUSINESS ADDRESS: STREET 1: 1 NEW ORCHARD ROAD CITY: ARMONK STATE: NY ZIP: 10504 BUSINESS PHONE: 9144991900 MAIL ADDRESS: STREET 1: 1 NEW ORCHARD RD CITY: ARMONK STATE: NY ZIP: 10504 8-K 1 form8-k.htm CURRENT REPORT false 001-02360 0000051143 IBM31B IBM35 IBM43 IBM32A IBM38 IBM25 IBM31 IBM33A IBM25A IBM28A IBM27 IBM40 IBM34 IBM45A IBM30A IBM32D IBM28B IBM27B IBM37 IBM27F IBM29 IBM30C IBM96 IBM28 IBM26B IBM45 0000051143 2025-06-20 2025-06-20 0000051143 ibm:Three750NotesDue2035Member ibm:NYSEMember 2025-06-20 2025-06-20 0000051143 ibm:Three625NotesDue2031Member ibm:NYSEMember 2025-06-20 2025-06-20 0000051143 ibm:Three375NotesDue2027Member ibm:NYSEMember 2025-06-20 2025-06-20 0000051143 ibm:NYSEMember ibm:Seven00DebenturesDue2025Member 2025-06-20 2025-06-20 0000051143 ibm:Five875DebenturesDue2032Member ibm:NYSEMember 2025-06-20 2025-06-20 0000051143 ibm:Four875NotesDue2038Member ibm:NYSEMember 2025-06-20 2025-06-20 0000051143 ibm:One750NotesDue2028Member ibm:NYSEMember 2025-06-20 2025-06-20 0000051143 ibm:Two875NotesDue2025Member ibm:NYSEMember 2025-06-20 2025-06-20 0000051143 ibm:Four000NotesDue2043Member ibm:NYSEMember 2025-06-20 2025-06-20 0000051143 ibm:NYSEMember ibm:One750NotesDue2031Member 2025-06-20 2025-06-20 0000051143 ibm:NYSEMember ibm:Seven00DebenturesDue2045Member 2025-06-20 2025-06-20 0000051143 ibm:Zero300NotesDue2026Member ibm:NYSEMember 2025-06-20 2025-06-20 0000051143 ibm:NYSEMember ibm:Zero875NotesDue2030Member 2025-06-20 2025-06-20 0000051143 ibm:NYSEMember ibm:Zero650NotesDue2032Member 2025-06-20 2025-06-20 0000051143 ibm:Six22DebenturesDue2027Member ibm:NYSEMember 2025-06-20 2025-06-20 0000051143 ibm:One250NotesDue2027Member ibm:NYSEMember 2025-06-20 2025-06-20 0000051143 ibm:NYSEMember ibm:One200NotesDue2040Member 2025-06-20 2025-06-20 0000051143 us-gaap:CommonStockMember ibm:NYSEMember 2025-06-20 2025-06-20 0000051143 ibm:One250NotesDue2034Member ibm:NYSEMember 2025-06-20 2025-06-20 0000051143 ibm:Three150NotesDue2033Member ibm:NYSEMember 2025-06-20 2025-06-20 0000051143 ibm:NYSEMember ibm:Seven125DebenturesDue2096Member 2025-06-20 2025-06-20 0000051143 ibm:Three450NotesDue2037Member ibm:NYSEMember 2025-06-20 2025-06-20 0000051143 ibm:Three800NotesDue2045Member ibm:NYSEMember 2025-06-20 2025-06-20 0000051143 ibm:NYSEMember ibm:Six50DebenturesDue2028Member 2025-06-20 2025-06-20 0000051143 ibm:NYSEMember ibm:Two900NotesDue2030Member 2025-06-20 2025-06-20 0000051143 ibm:Zero300NotesDue2028Member ibm:NYSEMember 2025-06-20 2025-06-20 0000051143 ibm:NYSEMember ibm:One500NotesDue2029Member 2025-06-20 2025-06-20 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:  June 20, 2025 (Date of earliest event reported) INTERNATIONAL BUSINESS MACHINES CORPORATION (Exact name of registrant as specified in its charter) New York   1-2360   13-0871985 (State of incorporation)   (Commission File Number)   (IRS Employer Identification No.)           One New O

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