01—Abstract
Summary
Summary of the 8-K filed September 11, 2025. Cited figures are marked; the original filing is the authoritative source.
Raymond James Financial, Inc. (NYSE: RJF) closed a public underwritten offering on September 11, 2025, issuing $1.5 billiona of senior notes in two tranches: $650,000,000 of 4.900% senior notes due September 11, 2035 and $850,000,000 of 5.650% senior notes due September 11, 2055.
The Notes were issued under the Base Indenture dated August 10, 2009 with The Bank of New York Mellon Trust Company, N.A., as trustee, as supplemented by the Tenth and Eleventh Supplemental Indentures dated September 11, 2025. The offering was registered on a Form S-3 shelf registration statement (File No. 333-279215) and was priced under an Underwriting Agreement dated September 9, 2025. According to the accompanying press release, dated September 9, 2025, the net proceeds are expected to be used for general corporate purposes.
The release describes the company as a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services, with total client assets of $1.65 trillionb. The filing is primarily a disclosure of debt issuance terms.
It attaches the underwriting agreement, indentures, legal opinions from E. Michael Serbanos, Esq. and Morrison & Foerster LLP, and the pricing press release, which are incorporated by reference.
02—Key points
Key Highlights
- Closed a $1.5 billion senior notes offering on September 11, 2025, following pricing announced September 9, 2025.
- Issued $650,000,000 of 4.900% senior notes due September 11, 2035.
- Issued $850,000,000 of 5.650% senior notes due September 11, 2055.
- Notes were issued under a 2009 base indenture with The Bank of New York Mellon Trust Company, N.A., as supplemented by Tenth and Eleventh Supplemental Indentures dated September 11, 2025.
- Offering was registered on Form S-3 (File No. 333-279215) and offered through BofA Securities, Citigroup, J.P. Morgan and Raymond James & Associates as underwriters.
- Net proceeds are expected to be used for general corporate purposes.
- Company reports total client assets of $1.65 trillion.
03—Questions
Frequently Asked Questions
How much debt did Raymond James issue and what are the maturities?
The company issued $1.5 billion in total: $650,000,000 of 4.900% senior notes maturing September 11, 2035, and $850,000,000 of 5.650% senior notes maturing September 11, 2055.
What will the proceeds from the notes be used for?
According to the pricing press release, the net proceeds are expected to be used for general corporate purposes.
Under what documents were the notes issued?
The notes were issued under a Base Indenture dated August 10, 2009 with The Bank of New York Mellon Trust Company, N.A., as trustee, supplemented by the Tenth and Eleventh Supplemental Indentures dated September 11, 2025, and an Underwriting Agreement dated September 9, 2025.
How were the notes registered and offered?
The notes were registered under the Securities Act of 1933 on a Form S-3 registration statement (File No. 333-279215) and offered to the public through an underwritten offering, with BofA Securities, Citigroup Global Markets, J.P. Morgan Securities and Raymond James & Associates named in the press release as contacts for the prospectus supplement.
When do the notes mature?
The 4.900% notes mature on September 11, 2035, and the 5.650% notes mature on September 11, 2055.
04—Continue