American Express Announces Redemption of Its 6.80% Subordinated Debentures
July 28 2016 - 2:00PM
Business Wire
American Express Company (NYSE:AXP) announced today that it has
issued a notice of redemption for all of its 6.80% Subordinated
Debentures, with an aggregate outstanding principal amount of $750
million, at a redemption price equal to 100% of principal amount.
The redemption date will be September 1, 2016.
The installment of interest on the debentures that is payable on
September 1, 2016 will be paid to the holders of the debentures
that were registered as such at the close of business on the
related record date, August 15, 2016. As a result, there will be no
accrued and unpaid interest on the debentures payable in connection
with the redemption thereof.
About American Express
American Express is a global services company, providing
customers with access to products, insights and experiences that
enrich lives and build business success. Learn more
at americanexpress.com and connect with us
on facebook.com/americanexpress,
foursquare.com/americanexpress, linkedin.com/company/american-express,
twitter.com/americanexpress,
and youtube.com/americanexpress.
Key links to products, services and corporate responsibility
information: charge and credit cards, business credit cards, Plenti
rewards program, travel services, gift cards, prepaid cards,
merchant services, corporate card, business travel and corporate
responsibility.
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version on businesswire.com: http://www.businesswire.com/news/home/20160728005958/en/
Media Contact:Marina H. Norville,
marina.h.norville@aexp.com, +1-212-640-2832orInvestors/Analysts
Contact:Kerri Bernstein (Fixed Income),
kerri.s.bernstein@aexp.com, +1-212-640-3061Ken Paukowits,
ken.f.paukowits@aexp.com, +1-212-640-6348Toby Willard,
sherwood.s.willardjr@aexp.com, +1-212-640-5574
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