Summary
American Express Company (AXP) filed an 8-K on August 3, 2022, to report on the issuance of new debt securities. Specifically, the company successfully raised $2.25 billion in 3.950% Notes due August 1, 2025, and $1.25 billion in 4.420% Fixed-to-Floating Rate Notes due August 3, 2033. This issuance was conducted under the company's existing shelf registration and prospectus supplement.
Key Highlights
- 1AXP issued $2.25 billion in 3.950% Notes due August 1, 2025.
- 2AXP issued $1.25 billion in 4.420% Fixed-to-Floating Rate Notes due August 3, 2033.
- 3Total debt issuance amounts to $3.5 billion.
- 4The debt was issued on August 3, 2022.
- 5The issuance was made pursuant to an existing Registration Statement on Form S-3 and a Prospectus Supplement.
- 6The filing confirms the completion of this significant debt financing event.