secwatch.observer — SEC 8-K summary
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Issuer:     VERIZON COMMUNICATIONS INC (VZ)
CIK:        0000732712
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0001193125-24-193907
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verizon exchanges ~$2.2B of near-term notes for new 4.780% notes due 2035; extends early participation date to Aug 19
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- As of Aug 2, ~$2.23B aggregate principal of 10 note series validly tendered; all accepted with no proration.
- New notes: 4.780% coupon, mature Feb 15, 2035; ~$2.165B to be issued on early settlement Aug 9.
- Early participation date extended to Aug 19, 2024; withdrawal rights expired Aug 2.
- Exchange covers notes maturing 2025-2028; reference yields and spreads set per series.
- New notes offered under Rule 144A/Reg S, not registered under Securities Act; registration rights to be provided.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/732712/000119312524193907/0001193125-24-193907-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/732712/000119312524193907/d859370d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-193907

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer