Business Context and Reporting Period
Company: American Express Company
Filing Type: Form 8-K (Current Report)
Date of Report: May 22, 2013
Event: Issuance of new debt securities pursuant to a Prospectus Supplement dated May 15, 2013.
Key Financial Metrics
This filing reports a specific debt issuance event rather than periodic financial performance metrics (revenue, profit, cash flow, or margins). The filing does not provide a clear value for operating results or liquidity ratios.
| Security Type | Aggregate Principal Amount | Interest Rate | Maturity Date |
|---|---|---|---|
| Fixed Rate Notes | $1,000,000,000 | 1.550% | May 22, 2018 |
| Floating Rate Notes | $850,000,000 | Floating Rate | May 22, 2018 |
Total Debt Issued: $1,850,000,000
Material Changes
The filing documents a material increase in the Company's debt obligations through the issuance of $1.85 billion in notes. No comparative financial data or changes in operating metrics versus prior periods are provided in this specific document.
Guidance, Outlook, and Risks
Management Commentary: The filing contains no management commentary, forward-looking guidance, or outlook statements.
Risks and Contingencies: No specific risks or contingencies are detailed in this filing text.
Unusual Items: The issuance is a standard capital market transaction referenced under Item 9.01.
Investor Verification Checklist
- Verify the total proceeds received from the $1.85 billion note issuance.
- Confirm the specific benchmark index and spread for the Floating Rate Notes.
- Review the full Prospectus Supplement (dated May 15, 2013) for use of proceeds and covenants.
- Check subsequent filings for the impact of this new debt on the Company's leverage ratios.