SEC Filing Summary: American Express Co (8-K)
Business Context and Reporting Period
This Form 8-K Current Report was filed by American Express Company on June 9, 2008, covering events that occurred on June 5, 2008. The filing addresses a specific corporate finance event under Item 8.01 (Other Events).
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or margin data. The only specific financial metric disclosed is the aggregate principal amount of debt instruments remarketed:
- Debt Remarketing: $1,994,978,000 in floating rate notes due 2033.
Material Changes
The primary material change reported is the successful remarketing of the aforementioned floating rate notes. This transaction was executed pursuant to a prospectus supplement dated June 5, 2008, and a remarketing agreement with J.P. Morgan Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, future guidance, outlook, or specific risk factors beyond the execution of the debt remarketing. No unusual items or contingencies are detailed in this specific report.
Key Facts for Investor Verification
- Verify the terms and interest rate reset mechanisms of the $1.99 billion floating rate notes due 2033.
- Confirm the impact of this remarketing on the company's overall debt maturity profile.
- Review the full prospectus supplement (dated June 5, 2008) for detailed use of proceeds and covenants.