American Express issued $3 billion of new debt on Oct. 30, adding three note offerings with maturities in 2030 and 2034. The financing includes two fixed-to-floating-rate series and one floating-rate series.
- $1.5 billion of notes due Oct. 30, 2030 carry a 5.447% fixed-to-floating rate.
- $1.15 billion of notes due Oct. 27, 2034 carry a 5.817% fixed-to-floating rate.
- $350 million of floating-rate notes are due Oct. 30, 2030.
- The notes were issued under American Express’s existing senior debt framework. The announcement does not specify how the proceeds will be used.
The issuance adds $3 billion in principal obligations to American Express’s debt, along with interest payments and eventual repayment at the notes’ respective maturities.