Raymond James calls all $350 million 6.9% senior notes due 2042

By Marisa Wong

Morgantown, W.Va., Feb. 6 – Raymond James Financial, Inc. will redeem all of its $350 million outstanding 6.9% senior notes due 2042 on March 15, according to an 8-K filing with the Securities and Exchange Commission.

The redemption price will be par of $25 plus accrued interest to the redemption date, for an aggregate payment of $356,037,500.

The company plans to use cash on hand to fund the redemption.

Bank of New York Mellon Trust Co., NA is the trustee.

Raymond James is a financial services company based in St. Petersburg, Fla.

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