American Express establishes new $3.5 billion credit facility

Chicago, Oct. 7 – American Express Credit Corp. reported that it established a new $3.5 billion credit facility with American Express Co. and American Express Travel Related Services Co., Inc. as co-borrowers and co-obligors, according to an 8-K filing with the Securities and Exchange Commission.

The facility was established concurrently with the termination of a previous $3.5 billion committed syndicated credit facility from Oct. 15, 2019.

No amounts were drawn on the 2019 facility at its termination.

The company also terminated its commercial paper program to simplify its funding and reporting structure.

American Express is a New York-based credit card company.

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