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AmEx Credit Raises $600M In Bond Sale

American Express Credit has raised $600 million in a sale of bonds.

American Express Credit has raised $600 million in a sale of bonds, Reuters reports. The senior unsecured floating-rate notes are due to mature on June 24, 2014.

The American Express unit intends to use the proceeds for repayment of outstanding debt securities and other general corporate purposes, adds The Wall Street Journal. Bank of America Merrill Lynch and UBS served as the joint book-runners for the transaction.

Click here for the story from Reuters.

Click here for additional coverage from The Wall Street Journal.

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