New Issue: AmEx Credit prices $2.4 billion of senior notes in fixed-, floating-rate tranches

By Aleesia Forni

Virginia Beach, June 3 - American Express Credit Corp. sold $2.4 billion of senior notes in fixed- and floating-rate tranches due 2017, according to an FWP filed with the Securities and Exchange Commission.

The sale included $750 million of floating-rate notes due 2017 priced at par to yield Libor plus 27 basis points.

The issuer also priced $1.65 billion of 1.125% three-year notes at 99.756 to yield 1.208%, or Treasuries plus 40 bps.

Barclays, Deutsche Bank Securities Inc., Goldman, Sachs & Co. and Wells Fargo Securities LLC were the joint bookrunners for the deal, which priced Monday.

American Express is a New York-based financial services company.

Issuer:	American Express Credit Corp.
Issue:	Medium-term senior notes, series E
Amount:	$2.4 billion
Joint bookrunners:	Barclays, Deutsche Bank Securities Inc., Goldman, Sachs & Co., Wells Fargo Securities LLC
Co-managers:	Mitsubishi UFJ Securities (USA), Inc., Mizuho Securities USA Inc., nabSecurities, LLC, Standard Chartered Bank
Junior co-managers:	Mischler Financial Group Inc., Williams Capital Group, LP
Trade date:	June 2
Settlement date:	June 5
Ratings:	Moody's: A2
	Standard & Poor's: A-
	Fitch: A+
Distribution:	SEC-registered
Three-year floaters
Amount:	$750 million
Maturity:	June 5, 2017
Coupon:	Libor plus 27 bps
Price:	Par
Yield:	Libor plus 27 bps
Three-year notes
Amount:	$1.65 billion
Maturity:	June 5, 2017
Coupon:	1.125%
Price:	99.756
Yield:	1.208%
Spread:	Treasuries plus 40 bps

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