PNC Bank’s $1.4 Billion Senior Rate Notes Offerings

Cravath represented the dealers, Citigroup, J.P. Morgan Securities and PNC Capital Markets LLC, in connection with the offerings.

PNC Bank issued $750 million senior floating rate notes offering and $650 million senior fixed rate/floating rate notes offering. The transactions closed on December 9, 2019.

PNC Bank, National Association is a wholly owned subsidiary of PNC Financial Services Group, Inc.

The Cravath team included partner Andrew J. Pitts (Picture) and associate Charles A. Dobb on securities matters. Zachary B. Ramirez-Brunner also worked on securities matters and Brittany A. Milano worked on tax matters.

Involved fees earner: Charles Dobb – Cravath Swaine & Moore; Andrew Pitts – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Citigroup Inc.; J.P. Morgan Securities LLC; PNC Capital Markets LLC;

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Author: Ambrogio Visconti