Raymond James Financial, Inc. (NYSE: RJF) has announced the pricing of a registered underwritten public offering of $1.5 billion of senior notes. This offering includes $650,000,000 aggregate principal amount of 4.900% senior notes due 2035 and $850,000,000 aggregate principal amount of 5.650% senior notes due 2055.
The 2035 notes will bear interest at a rate of 4.900% per annum and will mature on September 11, 2035, while the 2055 notes will bear interest at a rate of 5.650% per annum and will mature on September 11, 2055.
This offering is expected to close on September 11, 2025, subject to customary closing conditions, and the net proceeds are anticipated to be used for general corporate purposes.
Raymond James Financial, Inc. is a leading diversified financial services company with total client assets of $1.65 trillion, providing private client group, capital markets, asset management, banking, and other services to individuals, corporations, and municipalities. The firm has been publicly listed since 1983 on the New York Stock Exchange under the symbol RJF.
The notes are being offered pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (SEC), and the offering is being made only by means of a prospectus supplement and accompanying prospectus.
Investors interested in obtaining more information about the offering can contact BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, or Raymond James & Associates, Inc., or visit the SEC’s website.
This press release emphasizes that it does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Following these announcements, the company's shares moved 2.63%, and are now trading at a price of $171.08. For the full picture, make sure to review RAYMOND JAMES FINANCIAL INC's 8-K report.