What is the primary purpose of this 8-K filing?

This 8-K Amendment serves to provide details and confirm the completion of a remarketing transaction for American Express's 1.85% convertible debentures due 2033.

What is a 'remarketing' of convertible debentures?

A remarketing, in this context, likely refers to the process where the underwriters (J.P. Morgan, Lehman Brothers, Merrill Lynch) sold the convertible debentures to investors, often on behalf of the issuer or as part of a larger debt issuance strategy. This filing confirms the details of that sale.

What is the significance of the convertible debentures due 2033?

These are long-term debt instruments issued by American Express that carry a 1.85% interest rate and mature in 2033. The 'convertible' feature means holders have the option to convert the debentures into shares of AXP common stock under certain conditions, offering potential equity upside.

Does this filing indicate any new financial performance or strategic changes for AXP?

No, this filing is procedural and relates to a debt transaction. It does not provide new financial results, guidance, or strategic business updates. It primarily confirms the details of the debenture remarketing.

AXP 8-K SEC Disclosure

Summary

This 8-K Amendment from American Express Co. (AXP), filed on March 6, 2007, provides an update regarding the remarketing of its 1.85% convertible debentures due 2033. The company successfully remarketed an aggregate principal amount of $1,580,143,000 of these debentures on November 30, 2006. This event, detailed in a prospectus supplement, indicates a significant transaction involving the company's long-term debt structure. Investors should note that this filing is primarily an amendment to a previous filing and focuses on the details of this specific debt offering.

Key Highlights

1American Express Co. (AXP) filed an 8-K Amendment on March 6, 2007.
2The filing concerns the remarketing of 1.85% convertible debentures due 2033.
3The aggregate principal amount remarketed was $1,580,143,000.
4The remarketing event date was November 30, 2006.
5The transaction was conducted pursuant to a prospectus supplement dated December 1, 2006.
6The remarketing agreement was with J.P. Morgan Securities Inc., Lehman Brothers Inc., and Merrill Lynch, Pierce, Fenner & Smith Incorporated.

AMERICAN EXPRESS CO 8-K/A Report, Corporate Update (Mar 7, 2007)

Summary

Key Highlights

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