American Express Company (AXP, Financial) has announced the issuance of €1,000,000,000 aggregate principal amount of 3.433% Fixed-to-Floating Rate Notes due May 20, 2032. This strategic financial maneuver is part of the company's ongoing efforts to optimize its capital structure and enhance liquidity.
The notes were issued under a senior indenture dated August 1, 2007, between American Express and The Bank of New York Mellon, serving as the trustee. This issuance is further supplemented by the first and second supplemental indentures dated February 12, 2021, and May 1, 2023, respectively.
This move aligns with American Express's broader financial strategy, providing the company with increased flexibility to manage its financial obligations and invest in growth opportunities. The issuance was conducted pursuant to a Prospectus Supplement dated May 13, 2025, to the Prospectus dated February 9, 2024, filed as part of the company's Registration Statement on Form S-3.
Investors and stakeholders will be closely monitoring how this issuance impacts American Express's financial performance and strategic initiatives in the coming years.
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