Raymond James Investments enters into $200 million loan due 2015

By Marisa Wong

Madison, Wis., April 3 - Raymond James Investments, LLC, RJ Securities, Inc., RJC Forensics, LLC, RJC Event Photos, LLC and Morgan Properties, LLC entered into a credit agreement on April 2 with Regions Bank. The credit agreement provides for a $200 million loan, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The loan is guaranteed by Raymond James Financial, Inc.

The loan matures on April 2, 2015.

Interest will equal Libor plus 275 basis points.

Proceeds will be disbursed to Raymond James for working capital and general corporate purposes.

Raymond James is a St. Petersburg, Fla.-based financial services firm.

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