PNC completes $1.65B senior notes offering with 2029 maturity

Filed May 26, 2026 · Period ending May 20, 2026 · ~1 min read

Key Changes

• high

  PNC raised $1.65 billion through senior notes maturing October 2029, comprising $1.35B in 4.618% fixed-to-floating rate notes and $300M in floating rate notes. This medium-term debt financing strengthens the bank's capital structure.

  Item 8.01 verify on EDGAR →
• medium

  The notes were issued under PNC's existing 2012 indenture framework (supplemented in 2021) with Bank of New York Mellon as trustee, indicating use of established documentation rather than new covenant structures.

  Item 9.01 verify on EDGAR →
• medium

  Underwriting syndicate included PNC Capital Markets, Citigroup, and Morgan Stanley under agreement dated May 20, 2026, with offering completed May 26, 2026.

  Item 8.01 verify on EDGAR →