Thursday, July 21, 2011

JPMorgan Chase, other creditors agree to Raymond James changes - Tampa Bay Business Journal:

tatyanagepoji.blogspot.com
The amendment eliminates approva to participate inthe ’d TARP Capital Purchase Program as a condition to borrowing undere the agreement, a release from the company Raymond James (NYSE: RJF), a financial servicess company headquartered in St. Petersburg, withdrew its application for TARP fund onMay 19. Other revisions were made to covenant related to the use of additional indebtedness, financial ratios and restricted payments, the release The administrative agent for the Feb. 6 creditg agreement is . Chase also is one of six lendere underthe agreement. Others are Regions Bank, , , and The .
The credity amendment improved liquidity, Raymond Jamea said in a separate release announcinf Mayoperating results. Commissions and assets under management, underwritings and assets under administration all improvecdin May, although volume remained low, Thomas James, chairma n and chief executive, said in that release.

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