Raymond James Financial, Inc. (NYSE:RJF) Files An 8-K Other EventsItem 8.01 Other Events
On August 25, 2017, Raymond James Financial, Inc. (the “Company”) announced that it has elected to redeem (the “Redemption”) all of its outstanding 8.60% Senior Notes due 2019 (“Senior Notes”) on September 25, 2017 (the “Redemption Date”). The aggregate principal amount of the Senior Notes currently outstanding is $300,000,000. The redemption price for the Senior Notes (the “Redemption Price”) will be equal to the greater of (i)50% of the principal amount of the Senior Notes or (ii)the sum of the present values of the remaining scheduled payments of principal and interest thereon, discounted to the Redemption Date on a semi-annual basis at a discount rate equal to the Treasury Rate (as defined in the Senior Notes and the relevant indenture), plus 50 basis points, plus accrued and unpaid interest thereon to the Redemption Date. The Redemption Price will be determined on the third business day preceding the Redemption Date in accordance with the terms of the Senior Notes and the relevant indenture. The Bank of New York Mellon Trust Company, N.A., as trustee for the Senior Notes, has issued a notice regarding the Redemption (the “Redemption Notice”) to currently registered holders of the Senior Notes. After the Redemption, no Senior Notes will remain outstanding.
The foregoing does not constitute a notice of redemption with respect to any of the Senior Notes. A copy of the Redemption Notice is attached to this report as Exhibit 99.1 and is incorporated herein by reference.
On August 25, 2017, the Company issued a press release announcing the Redemption, a copy of which is attached to this report as Exhibit 99.2 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit No.
99.1 Redemption Notice for 8.60% Senior Notes due 2019, dated August 25, 2017, issued by Raymond James Financial, Inc.
99.2 Press release, dated August 25, 2017, issued by Raymond James Financial, Inc.
RAYMOND JAMES FINANCIAL INC ExhibitEX-99.1 2 exhibit991_redemptionnotic.htm EXHIBIT 99.1 REDEMPTION NOTICE DATED AUGUST 25,…To view the full exhibit click here
About Raymond James Financial, Inc. (NYSE:RJF)
Raymond James Financial, Inc. (RJF) is a financial holding company. The Company’s subsidiaries include Raymond James & Associates, Inc. (RJ&A), Raymond James Financial Services, Inc. (RJFS), Raymond James Financial Services Advisors, Inc. (RJFSA), Raymond James Ltd. (RJ Ltd.), Eagle Asset Management, Inc. (Eagle), and Raymond James Bank, N.A. (RJ Bank). It operates through five segments: Private Client Group (PCG), Capital Markets, Asset Management, RJ Bank and the Other segment. The Private Client Group segment includes the retail branches of the Company’s broker-dealer subsidiaries located throughout the United States, Canada and the United Kingdom. The Capital Markets segment includes institutional sales and trading in the United States, Canada and Europe. The Asset Management segment includes the operations of Eagle, the Eagle Family of Funds and other fee-based asset management programs. RJ Bank segment provides corporate loan, securities based loans (SB) and residential loans.
