PNC Financial Services Group’s $650 Million Registered Senior Notes Offering

Cravath represented the underwriters, PNC Capital Markets LLC and J.P. Morgan Securities, in connection with the Offering.

PNC Financial Services Group, Inc. issued $650 million registered senior notes of a green bond, one of the largest diversified financial services companies in the United States. The transaction closed on November 1, 2019.

PNC Financial Services Group, Inc. is a diversified financial services organization. The Company provides regional banking, wholesale banking, and asset management services nationally and in the Company’s primary regional markets.

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

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: J.P. Morgan Securities LLC; PNC Capital Markets LLC;

Author: Ambrogio Visconti