American Express Company - AXP STOCK NEWS

American Express (NYSE: AXP) has expanded its partnership with Nova Credit to enhance credit access for immigrants from Brazil, Dominican Republic, Kenya, and Nigeria. This initiative allows newcomers to utilize their international credit history to apply for American Express cards and establish a U.S. credit history. The Credit Passport® technology integrates international credit records into the U.S. application process. Launched in 2019, this service is now available for immigrants from nine countries, aiming to support financial inclusion.

American Express has launched two new U.S. Consumer Platinum Card designs by artists Julie Mehretu and Kehinde Wiley, available from January 20, 2022. The Art x Platinum designs transform the card into artistic pieces. Mehretu’s design reflects abstract modernity, while Wiley’s includes distinctive botanicals. This initiative follows American Express's recent enhancements to the Platinum Card, offering new lifestyle benefits and experiences to cardholders. The company continues to support the arts, with a commitment of $1 million to The Studio Museum in Harlem.

American Express Company (NYSE: AXP) announced that Chairman and CEO Stephen J. Squeri will participate in Delta Air Lines’ Capital Markets Day on December 16, 2021, in New York. The event features a fireside chat with Delta CEO Ed Bastian, scheduled from 11:40 a.m. to 12:25 p.m. ET.

A live webcast will be available for public access on the American Express Investor Relations website, along with an audio replay post-event.

Openpay has entered into a Card acceptance agreement with American Express (AXP) allowing Card Members to use their American Express Cards for installment payments at select Healthcare and Auto Repair merchants. This agreement supports Openpay's 2.0 Buy Now, Pay Smarter solution, offering fixed fee payment plans up to $20,000 for 24 months. Both companies aim to enhance customer payment options and explore future product collaborations.

American Express (NYSE: AXP) has announced the expiration of its Exchange Offer for its 3.300% Senior Notes due May 3, 2027, totaling $2 billion. As of November 30, 2021, approximately $1.66 billion, or 83.03%, of the notes were validly tendered. The settlement date for this transaction is anticipated to be December 2, 2021. The new AXP Notes will pay interest at 3.300% per annum, semi-annually, starting May 3, 2022. This transaction is part of Amex's strategy to optimize its debt structure and enhance financial flexibility.

American Express (AXP) reported that Small Business Saturday on November 27 saw approximately $23.3 billion spent by U.S. consumers at independent businesses, an 18% increase from $19.8 billion in 2020. This year's event marked the 12th annual celebration, with 58% of shoppers buying online. Additionally, support for independent restaurants grew to 54%, up from 48% last year. The company aims to drive $100 billion in consumer spending at small businesses over five years, addressing the pandemic's impact on local economies.

American Express announced artistic collaborations with renowned artists Julie Mehretu and Kehinde Wiley to redesign the U.S. Platinum Card. They will unveil the new designs in Miami on December 1, with Card Members able to choose from the new designs starting January 20, 2022. Additionally, the company is sponsoring $1 million to The Studio Museum in Harlem to support artists of African descent.

American Express Company (NYSE: AXP) announced the early results of its Exchange Offer for the 3.300% Senior Notes due May 3, 2027, as of November 15, 2021. The company received valid tenders worth $1,591,964,000, equating to 79.60% of the $2,000,000,000 outstanding principal amount. The deadline for holders to exchange their notes has been extended to November 30, 2021. The exchange will allow holders to receive new senior notes and a cash amount of $2.50 per $1,000 principal. The offering is subject to certain conditions.