PNC Bank’s $500 Million Subordinated Notes Offering

Cravath represented the dealers, Citigroup, J.P. Morgan Securities, Morgan Stanley and PNC Capital Markets LLC, in connection with the $500 million subordinated notes offering of PNC Bank, National Association

PNC Bank, National Association is a wholly owned subsidiary of PNC Financial Services Group, Inc. The transaction closed on September 14, 2018.

The Cravath team included partner Andrew J. Pitts (Picture) and associate D. Ryan Hart.

Involved fees earner: Andrew Pitts – Cravath Swaine & Moore; Ryan Hart – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Citigroup Inc.; Morgan Stanley; JP Morgan Securities; PNC Capital Markets LLC;