American Express Company (NYSE: AXP) announced today that it completed the remarketing of $1,994,978,000 of its Remarketed Floating Rate Notes due 2033.
American Express purchased all the notes in the remarketing, all of which will be cancelled effective June 10, 2008.
The cash interest rate on the notes will be three-month LIBOR plus 1.55% commencing June 5, 2008. The next remarketing reset date for the notes will be June 10, 2009.
American Express Company is a leading global payments and travel company, founded in 1850. For more information, visit http://www.americanexpress.com.
Joanna Lambert, 212-640-9668
Michael O’Neill, 212-640-5951
Alex Hopwood, 212-640-5495
Ron Stovall, 212-640-5574