Raymond James Commences Public Offering of Senior Notes

Raymond James Financial, Inc. RJF today announced the commencement of a registered underwritten public offering of its fixed rate senior notes. The net proceeds of the offering are expected to be used for payment of a portion of the purchase price of the Morgan Keegan acquisition which is expected to close in April 2012. The remaining portion of the purchase price will be funded using cash on hand and the net proceeds from one or more anticipated public offerings of senior debt securities and/or borrowings under a bridge facility.