debt
confidence high
sentiment neutral
materiality 0.50
Raymond James upsizes credit facility to $1B and extends maturity to 2030
RAYMOND JAMES FINANCIAL INC
- Revolving credit facility increased to $1,000,000,000 and matures September 23, 2030.
- Interest rate spread reduced to 0.000%-1.300% from 0.000%-1.425% over benchmark rates.
- Borrowers are Raymond James Financial (RJF) and Raymond James & Associates (RJA).
- Agreement amends and restates the April 2023 credit facility with same bank syndicate.
- Facility remains unsecured; pricing tied to RJF's senior unsecured debt ratings.
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