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AI English summary of an SEC filing — figures as filed

PNC Financial Services logoPNC Financial Services PNC

The company said it completed the public offering and sale of 5.102% Fixed Rate/Floating Rate Senior Notes due July 23, 2024 and July 23, 2027, with an aggregate principal amount of $1,000,000,000.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it completed the public offering and sale of 5.102% Fixed Rate/Floating Rate Senior Notes due July 23, 2024 and July 23, 2027, with an aggregate principal amount of $1,000,000,000.

  2. The company said it completed the public offering and sale of 5.401% Fixed Rate/Floating Rate Senior Notes due July 23, 2024 and July 23, 2035, with an aggregate principal amount of $1,500,000,000.

  3. PNC said it sold the notes under an Underwriting Agreement dated July 18, 2024, entered into by the company, PNC Capital Markets LLC, Barclays Capital Inc. and BofA Securities, Inc.

  4. The company said the notes were issued under a Base Indenture dated September 6, 2012 and a First Supplemental Indenture dated April 23, 2021, with The Bank of New York Mellon as trustee, and that it is filing the related documents as exhibits to its Form S-3ASR registration statement.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Senior notes totaling $1,000,000,000 issued, due 2027

The company said it completed the public offering and sale of 5.102% Fixed Rate/Floating Rate Senior Notes due July 23, 2024 and July 23, 2027, with an aggregate principal amount of $1,000,000,000.

Source · Based on the filing body and exhibits

Senior notes totaling $1,500,000,000 issued, due 2035

The company said it completed the public offering and sale of 5.401% Fixed Rate/Floating Rate Senior Notes due July 23, 2024 and July 23, 2035, with an aggregate principal amount of $1,500,000,000.

Source · Based on the filing body and exhibits

Underwriting Agreement Dated July 18, 2024 and Parties

PNC said it sold the notes under an Underwriting Agreement dated July 18, 2024, entered into by the company, PNC Capital Markets LLC, Barclays Capital Inc. and BofA Securities, Inc.

Source · Based on the filing body and exhibits

Issuance Under Indenture and Filing of Registration Statement Exhibits

The company said the notes were issued under a Base Indenture dated September 6, 2012 and a First Supplemental Indenture dated April 23, 2021, with The Bank of New York Mellon as trustee, and that it is filing the related documents as exhibits to its Form S-3ASR registration statement.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.