American Express Global Business Travel (GBT) is restructuring, with operations to be divided between divisions focusing on global and multinational customers, and on small and medium-sized enterprises (SME).

The company announced the organizational changes internally. And in a filing with the U.S. Securities and Exchange Commission, it said it will incur pre-tax restructuring charges this year in the range of $20 million to $25 million.

The S.E.C. filing also reported an amendment to the company’s credit agreement providing for $135 million in loans, which Amex GBT plans to use for “general corporate purposes including continued Egencia integration, accelerating growth in SME [via the restructuring] and to drive efficiencies,” according to the filing. Amex GBT acquired Egencia from the Expedia Group in 2021.

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