American Express Issues Notice Regarding Remarketed Floating Rate Notes Due 2033.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- American Express Company (NYSE NYSE See: New York Stock Exchange : AXP The brand name Digital gave to its first family of Alpha-based computers. In 1998, Digital was acquired by Compaq. See Alpha. ) 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 LIBOR See: London Interbank Offered Rate LIBOR See London interbank offered rate (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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion