Raymond James ends bridge loan after wrapping acquisition offerings

By Susanna Moon

Chicago, March 10 - Raymond James Financial, Inc. terminated its bridge loan Tuesday after closing its second public offering to help fund its acquisition of Morgan Keegan & Co., Inc. and Morgan Keegan Holding, Inc. from Regions Financial Corp.

The bridge credit agreement was with JPMorgan Chase Bank, NA as administrative agent, J.P. Morgan Securities LLC as lead arranger and bookrunner and Citibank, NA as syndication agent, according to an 8-K filing with the Securities and Exchange Commission.

As of Friday, there were no loans outstanding under the credit agreement.

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

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