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AMERICAN EXPRESS CREDIT CORP FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Financial Statements and Exhibits

July 30, 2014



Item 1.01 Entry into a Material Definitive Agreement

On July 29, 2014, American Express Credit Corporation (the "Company") entered into an Amendment No. 2 dated as of July 29, 2014 to its unsecured A$4,500,000,000 syndicated credit facility dated as of August 3, 2011, as previously amended by Amendment No. 1 dated as of July 19, 2013 (the "Credit Facility") with Citisecurities Limited, as facility agent, Citibank, N.A., Sydney Branch, Commonwealth Bank of Australia, National Australia Bank Limited and Westpac Banking Corporation, as Mandated Lead Arrangers and Bookrunners, and the other lenders from time to time party thereto. The amendment to the Credit Facility provides that the maturity date of Tranche A of the Credit Facility, which provides the Company with a revolving credit facility with a borrowing capacity of A$2,000,000,000, will be extended from August 3, 2015 to August 3, 2017. The amendment also revises the applicable margins on interest rates on borrowings under Tranche A of the Credit Facility. No other material terms of the Credit Facility were affected.

The foregoing description does not purport to be complete and is qualified in its entirety by reference to the amendment to the Credit Facility, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference. A copy of the Credit Facility was previously filed with the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2011 and a copy of Amendment No. 1 was previously filed with the Company's Current Report on Form 8-K dated July 19, 2013.

Certain of the lenders under the Credit Facility, as amended, or their affiliates, have, and in the future may engage in business transactions with the Company or its affiliates and have provided, and may in the future from time to time provide, certain commercial and investment banking, financial advisory, and other services in the ordinary course of business for the Company and its subsidiaries, for which they have in the past and may in the future receive customary fees and commissions.

Item 9.01 Financial Statements and exhibits

(d) Exhibits

10.1 Amendment No. 2 dated as of July 29, 2014 to the Credit Facility dated as of August 3, 2011 as amended by Amendment No. 1 dated as of July 19, 2013.

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Source: Edgar Glimpses


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