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The amendment eliminates approval to participated inthe ’s TARP Capitall Purchase Program as a condition to borrowin under the agreement, a releass from the company said. Raymond James RJF), a financial servicese company headquarteredin St. Petersburg, withdrew its applicationn for TARP funds onMay 19. Other revisions were made to covenantzs related to the useof proceeds, additional financial ratios and restricted payments, the release said. The administrative agent for the Feb. 6 credi t agreement is . Chase also is one of six lenderxs underthe agreement. Others are Regions Bank, , , and The .
The credi t amendment improved liquidity, Raymond James said in a separate release announcing Mayoperating results. Commissions and fees, assetse under management, underwritings and assets under administration all improvesin May, although volume remained low, Thomas James, chairman and chief said in that release.
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