PNC Bank’s $750 Million Subordinated Bank Notes Offering


Cravath represented the dealers, Citigroup, J.P. Morgan Securities, Morgan Stanley and PNC Capital Markets, in connection with the $750 million subordinated bank notes offering of PNC Bank, National Association,

NC Bank, National Association operates as a wholly owned subsidiary of PNC Financial Services Group, Inc. The transaction closed on July 26, 2018.

The Cravath team included partner Andrew J. Pitts (Picture) and associate D. Ryan Hart. Summer associate Bethany Clarke also worked on this matter.

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;

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Author: Ambrogio Visconti