PNC Financial Services Group’s $1 Billion Fixed-to-Floating Rate Senior Notes Offering

Cravath, Swaine & Moore LLP represented the underwriters in the transaction.

The PNC Financial Services Group, Inc. executed the $1 billion registered fixed-to-floating rate senior notes offering.

The PNC Financial Services Group, Inc. is one of the largest diversified financial services companies in the United States. 

Citigroup Global Markets Inc., BofA Securities, Inc., Morgan Stanley & Co. LLC, and PNC Capital Markets LLC acted as underwriters for the offering.

The Cravath team advising the underwriters included partner Andrew J. Pitts (Picture) and associates Stanley I. Onyeador, Ddang P. Kim and Zachary B. Ramirez-Brunner.

Involved fees earner: Ddang Kim – Cravath Swaine & Moore; Stanley Onyeador – Cravath Swaine & Moore; Andrew Pitts – Cravath Swaine & Moore; Zachary Ramirez-Brunner – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Bank of America Securities; Citigroup Global Markets Ltd; Morgan Stanley; PNC Capital Markets LLC;

Author: Martina Bellini