[8-K] RAYMOND JAMES FINANCIAL INC Reports Material Event

Rhea-AI Filing Summary

Raymond James Financial, Inc. disclosed a material event reporting the execution of a Second Amended and Restated Credit Agreement dated September 23, 2025. The agreement parties listed in the filing are Raymond James Financial, Inc., Raymond James & Associates, Inc., the lenders party thereto and Bank of America, N.A. The filing includes a cover page interactive data file and is signed by Jonathan W. Oorlog, Jr., Chief Financial Officer.

Positive

• Company disclosed execution of a Second Amended and Restated Credit Agreement, identifying Bank of America, N.A. and lender parties
• Filing is signed by the Chief Financial Officer, indicating authorized disclosure

Negative

• None.

Insights

Financial Analyst

TL;DR: Raymond James executed a Second Amended and Restated Credit Agreement with Bank of America and syndicate lenders on Sept 23, 2025.

The filing formally notifies investors that the company and its broker-dealer affiliate amended and restated an existing credit facility, naming Bank of America, N.A. among the lenders. The disclosure is concise and limited to the agreement's existence, parties, and signature by the CFO. No terms—such as facility size, covenants, maturity or pricing—are provided in the text, preventing assessment of liquidity, leverage or covenant relief effects. Without those financial details, the market impact cannot be quantified from this filing alone.

Corporate Governance Expert

TL;DR: The 8-K documents an amended credit agreement; the filing identifies parties but omits material contractual terms.

The document fulfills a disclosure obligation by reporting execution of a Second Amended and Restated Credit Agreement among Raymond James Financial, its affiliate Raymond James & Associates, a lender group and Bank of America, N.A. The signature by the CFO indicates an authorized corporate filing. Key governance-related elements such as amendments to covenants, guaranty structure, or related-party considerations are not included in the provided content, so further review of the full agreement or exhibits would be required to evaluate governance or counterparty risk implications.

RAYMOND JAMES FINANCIAL INC Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock false 0000720005 0000720005 2025-09-23 2025-09-23 0000720005 us-gaap:CommonStockMember 2025-09-23 2025-09-23 0000720005 us-gaap:SeriesBPreferredStockMember 2025-09-23 2025-09-23

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

September 23, 2025

Date of Report (date of earliest event reported)

RAYMOND JAMES FINANCIAL, INC.

(Exact name of registrant as specified in its charter)

Florida		1-9109		59-1517485
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

880 Carillon Parkway		St. Petersburg		Florida		33716
(Address of principal executive offices)						(Zip Code)

(727) 567-1000

(Registrant’s telephone number, including area code)

None

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $.01 par value		RJF		New York Stock Exchange
Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock		RJF PrB		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Exchange Act (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement

On September 23, 2025, Raymond James Financial, Inc. (the “Company”) entered into the Second Amended and Restated Credit Agreement (the “Second Amended and Restated Credit Agreement”) with respect to its existing unsecured Amended and Restated Credit Agreement, dated as of April 6, 2023 (the “Credit Agreement”), as amended, among the Company, Raymond James & Associates, Inc., and a syndicate of lenders led by Bank of America, N.A. as administrative agent.

The Second Amended and Restated Credit Agreement amends and restates the Credit Agreement to, among other things, (i) extend the maturity date for any borrowings under the Second Amended and Restated Credit Agreement to September 23, 2030, (ii) increase the facility amount to $1,000,000,000 and (iii) decrease the applicable rate by which interest is calculated such that borrowings under the Second Amended and Restated Credit Agreement will bear interest at the applicable Base Rate, Term SOFR Rate, Daily Floating Term SOFR Rate or Alternative Currency Term Rate (each as defined in the Second Amended and Restated Credit Agreement) plus an applicable rate ranging between 0.000% and 1.300% (decreased from a range between 0.000% and 1.425%) in each case determined with reference to the non-credit-enhanced, senior unsecured long-term debt ratings of the Company.

The above summary of the Second Amended and Restated Credit Agreement is not complete and is qualified in its entirety by reference to the complete text of the Second Amended and Restated Credit Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information contained in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits. The following are filed as exhibits to this report:

Exhibit No.		Description
10.1*		Second Amended and Restated Credit Agreement, dated as of September 23, 2025, among Raymond James Financial, Inc., Raymond James & Associates, Inc., the Lenders party thereto and Bank of America, N.A.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

* Certain schedules and similar attachments have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company hereby undertakes to furnish supplemental copies of such schedules and attachments to the SEC upon request.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				RAYMOND JAMES FINANCIAL, INC.
Date: September 23, 2025				By:		/s/ Jonathan W. Oorlog, Jr.
						Jonathan W. Oorlog, Jr.
						Chief Financial Officer

FAQ

What did Raymond James (RJF) report in this 8-K?

The company reported execution of a Second Amended and Restated Credit Agreement dated September 23, 2025 among Raymond James Financial, Inc., Raymond James & Associates, Inc., the lenders party thereto and Bank of America, N.A.

Does the filing include the terms of the credit agreement?

No. The provided content identifies the agreement and parties but does not disclose facility size, maturity, covenants, pricing, or other financial terms.

Who signed the 8-K for Raymond James?

The filing is signed by Jonathan W. Oorlog, Jr., Chief Financial Officer of Raymond James Financial, Inc.

What is the date of the agreement disclosed in the filing?

The Second Amended and Restated Credit Agreement is dated September 23, 2025.

Does the document indicate material impact on liquidity or leverage?

No. The filing does not provide terms or quantitative details that would allow assessment of liquidity or leverage impact.