American Express issues $3.5 billion in senior and subordinated notes
On February 10, 2026, American Express issued $3.5 billion in total principal of senior and subordinated notes under a February 3, 2026 prospectus supplement. The filing mainly attaches legal exhibits for these debt issuances and reports no new financial results. For shareholders, it shows the company raising debt funding, but the filing does not describe how the proceeds will be used.
Key points
- Senior notes: $1.35 billion of 4.009% fixed-to-floating notes due February 9, 2029; $1.0 billion of 4.456% fixed-to-floating notes due February 10, 2032; and $650 million of floating rate notes due February 9, 2029.
- Subordinated notes: $500 million of 5.412% fixed-to-fixed notes due February 8, 2041.
- The notes were issued under indentures with The Bank of New York Mellon as trustee.
- Filed exhibits include a legal opinion from Benjamin L. Kuder, Esq.
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 10, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.