Raymond James Financial, Inc. announced the pricing of a registered underwritten public offering of senior notes.
The offering includes $650 million aggregate principal amount of 4.900% senior notes due 2035 and $850 million aggregate principal amount of 5.650% senior notes due 2055.
The net proceeds of the offering are expected to be used for general corporate purposes.
Offering Details
$1.5 billion of senior notes were priced in the offering, split between 2035 Notes and 2055 Notes.
Interest Rates
2035 Notes bear interest at 4.900% and mature on September 11, 2035, while 2055 Notes bear interest at 5.650% and mature on September 11, 2055.
Use of Proceeds
The net proceeds from the offering will be utilized for general corporate purposes.
- The successful pricing of the senior notes offering indicates investor confidence in Raymond James Financial, Inc.'s financial stability and growth prospects.
- The offering is poised to enhance the Company's financial flexibility and support its strategic initiatives in the long term.
Raymond James Financial, Inc.'s successful pricing of the senior notes offering reflects a positive market reception and is expected to strengthen the company's financial position for future endeavors.