Amex GBT Reduces Interest Rate and Increases Liquidity via Refinancing

Amex GBT announced the successful refinancing and upsizing of its senior secured term loan facility, reducing the borrowing rate by 50 basis points to SOFR plus 2.00%, and increasing the facility by $100 million to $1.486 billion, maturing in July 2031. This enhances financial flexibility to invest in growth, including AI.