Financing ·
American Express Company announced the launch of a proposed public offering of depositary shares, each representing a…
AXPAmerican Express Co
American Express Company announced the launch of a proposed public offering of depositary shares, each representing a 1/1,000th interest in Series E Fixed Rate Reset Noncumulative Preferred Shares with $1.66 2/3 par value per share. The company intends to use net proceeds from this offering for general corporate purposes, including the potential partial or full redemption of its outstanding 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D. Pricing and closing are subject to market conditions, with no assurance that the offering will price or close or that redemptions will occur. American Express Company operates in the financial services industry, providing payment processing, credit cards, and travel-related services.