American Express Co.
American Express Company Issues $2 Billion in Fixed-to-Floating and Floating Rate Notes
Summary
On February 16, 2024, American Express Company (AXP) issued $1,700,000,000 aggregate principal amount of 5.098% Fixed-to-Floating Rate Notes due February 16, 2028 and $300,000,000 aggregate principal amount of Floating Rate Notes due February 16, 2028, pursuant to a Prospectus Supplement dated February 12, 2024 to the Prospectus dated February 9, 2024, filed as part of the Company's Registration Statement on Form S-3 (No. 333-276975). The Notes were issued under a senior indenture, dated as of August 1, 2007, between the Company and The Bank of New York Mellon, as trustee, and supplemented by additional indentures. The necessary legal documents have been furnished as exhibits to this 8-K filing.
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Exhibits (1)
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About American Express Co.
American Express Co. is a leading global financial services company, primarily known for its charge cards, credit cards, and travel-related services. Founded in 1850 and headquartered in New York City, American Express is recognized for its premium customer service and luxury lifestyle benefits, distinguishing it within the highly competitive financial services industry. Its products are used by individual consumers, small businesses, and large corporations, showing a robust presence in various sectors. The company's core operations encompass a broad range of payment solutions, offering rewarding loyalty programs such as Membership Rewards, which enhance customer engagement and satisfaction. American Express also provides products related to expense management and international payment processing, essential for businesses and travelers worldwide. Their unique charge card model, which requires payment in full each month, promotes financial discipline among cardholders. American Express plays a significant role in the financial market, not only by facilitating consumer and business transactions but also by supporting economic activities and travel industries. Its stock performance is closely watched by investors for insights into consumer spending trends, making it a vital entity in global financial dynamics.
Official SEC Documents
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