Raymond James expands credit agreement to $750M
April 10, 2023 - St. Petersburg-based Raymond James Financial has renewed its revolving credit agreement and expanded it from $500 million to $750 million with lenders, according to the firm's Monday announcement. Bank of America, Citibank, JP Morgan Chase Bank, PNC Bank, Regions Bank and U.S. Bank were involved. “Raymond James’ strong balance sheet and long-standing relationships with banking partners enabled us to upsize the five-year committed corporate revolver with enhanced terms to further strengthen our contingent liquidity sources,” Chair and CEO Paul Reilly said in a statement.