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Raymond James Financial, 6.90% Senior Notes due 3/15/2042
Ticker Symbol: RJD* CUSIP: 754730208 Exchange: NYSE
* NOTE: This security is no longer trading as of 3/15/2017
Security has been Called for: Wednesday, March 15, 2017
February 6, 2017 -- Raymond James Financial, Inc. announced today that it has elected to redeem all of its outstanding 6.90% Senior Notes due 2042 (NYSE: RJD, CUSIP: 754730208) on March 15, 2017. The aggregate principal amount outstanding of the notes is $350 million. The redemption price will be equal to 100 percent of the principal amount plus accrued and unpaid interest to the redemption date, for an aggregate payment to holders of approximately $356,037,500. As trustee for the notes, The Bank of New York Mellon Trust Company, N.A. issued a notice to registered holders concerning the redemption. Raymond James intends to use cash on hand to fund this redemption, after which no 6.90% Senior Notes will remain outstanding. The address of the trustee for the notes is:
The Bank of New York Mellon Trust Company, N.A.
111 Sanders Creek Parkway
East Syracuse, NY 13057
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Raymond James Financial, 6.90% Senior Notes due 2042, issued in $25 denominations, redeemable at the issuer's option on or after 3/15/2017 at $25 per share plus accrued and unpaid interest, and maturing 3/15/2042. Interest distributions of 6.90% ($1.725) per annum will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date which will be the business day preceding the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (RJF)
IPO - 3/1/2012 - 14.00 Million Notes @ $25.00/note.
Link to IPO Prospectus
Market Value $350.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 880 Carillon Parkway, St. Petersburg, FL 33716 |
| Main Phone Number |
727-567-1000 |
| Fax Number |
727-573-8365 |
| Investor Contact
Steve Hollister
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727-567-2824
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| Toll Free Phone Number |
800-248-8863 |
| CEO - Paul C. Reilly |
CFO - Jeffrey P. Julien |
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