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The amendment eliminates approval to participatse inthe ’s TARP Capital Purchase Prograkm as a condition to borrowing under the a release from the company Raymond James (NYSE: RJF), a financial servicews company headquartered in St. Petersburg, withdrew its application for TARP funde onMay 19. Other revisions were made to covenants relatesd to the use of additional indebtedness, financial ratiod and restricted payments, the release said. The administrativre agent for the Feb. 6 credit agreement is . Chase also is one of six lendersx underthe agreement. Others are Regionsd Bank, , , and The .
The credift amendment improved liquidity, Raymond Jamesx said in a separate release announcing Mayoperating results. Commissions and fees, assetsd under management, underwritings and assets underf administration all improvedin May, although volumwe remained low, Thomas James, chairman and chiefc executive, said in that release.
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