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American Express to offer fixed-, floating-rate notes
By William Gullotti
Buffalo, N.Y., March 1 – American Express Co. intends to simultaneously offer fixed- and floating-rate notes, according to a 424B2 filing with the Securities and Exchange Commission on Tuesday.
The floating-rate notes will be based on SOFR plus a margin.
Both tranches will feature a make-whole call followed by a par call.
Barclays, Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC will be the joint bookrunning managers for the offering.
Bank of New York Mellon is the trustee.
The issuer will use in-house legal counsel. Cleary Gottlieb Steen & Hamilton LLP is legal counsel for the underwriters.
Proceeds from the offering will be used for general corporate purposes.
The credit card services company is based in New York.
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