PNC completed a public offering on Jan 26, 2026 raising $3.0B: $1.5B 5.423% Fixed‑Rate Reset Subordinated…
Filed with the SEC on · Summarized by InvestorsBot
PNC completed a public offering on Jan 26, 2026 raising $3.0B: $1.5B 5.423% Fixed‑Rate Reset Subordinated Notes due 1/25/2041; $1.2B 4.075% Fixed/Floating Senior Notes due 1/26/2029; $300M Senior Floating Rate Notes due 1/26/2029. $PNC 🏦 #debt #bank
The $1.5B subordinated offering was underwritten Jan 21, 2026 by PNC Capital Markets, Goldman Sachs & Co. and J.P. Morgan; issued under amended subordinated indentures with BNY Mellon as trustee. Legal opinions by counsel Kathryn Leonard attached. $PNC 📄 #capitalmarkets
Senior notes ($1.5B total) were sold via Jan 21, 2026 underwriting; prospectus supplements filed Jan 22, 2026 to PNC’s S‑3ASR (File No. 333-283793). Underwriting agreements, indentures and note forms are filed as exhibits to the 8‑K. $PNC 📈 #funding #securities