PNC Financial Services Group’s $2 Billion Registered Senior Notes Offering

Cravath represented the underwriters, J.P. Morgan Securities, Goldman Sachs & Co. LLC, Morgan Stanley and PNC Capital Markets LLC in the offering.

The PNC Financial Services Group, Inc. completed the public offer and sale of $2,000,000,000 aggregate principal amount of its 2.550% Senior Notes due January 22, 2030.

The PNC Financial Services Group, Inc. is one of the largest diversified financial services companies in the United States. The transaction closed on January 22, 2020.

The Cravath team included partners Andrew J. Pitts (Picture) and D. Scott Bennett and associates Charles A. Dobb and Zachary B. Ramirez-Brunner on securities matters and associate Rebecca L. Fine on tax matters.

Involved fees earner: Scott Bennett – Cravath Swaine & Moore; Charles Dobb – Cravath Swaine & Moore; Rebecca Fine – Cravath Swaine & Moore; Andrew Pitts – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Goldman Sachs & Co.; J.P. Morgan Securities LLC; Morgan Stanley; PNC Capital Markets LLC;