Summary
American Express Company (AXP) announced on July 30, 2019, the issuance of $1.5 billion in aggregate principal amount of 2.500% Notes due July 30, 2024. This debt offering was conducted under the company's existing shelf registration statement, utilizing a Prospectus Supplement dated July 25, 2019, to the Prospectus dated March 12, 2018. This filing is primarily informational, detailing the completion of the debt issuance. Investors should note that this event represents a standard capital markets transaction aimed at funding the company's operations and growth initiatives. The specific terms of the notes, including the interest rate and maturity date, are clearly stated.
Key Highlights
- 1American Express Company issued $1.5 billion in 2.500% Notes.
- 2The notes mature on July 30, 2024.
- 3The issuance occurred on July 30, 2019.
- 4The offering was made under a Form S-3 registration statement.
- 5A Prospectus Supplement dated July 25, 2019, was used for the offering.
- 6This filing primarily concerns the issuance of new debt securities.