The PNC Financial Services Group, Inc. announced on June 4, 2025, the redemption of all outstanding 5.812% Fixed Rate/Floating Rate Senior Notes due June 12, 2026. The total principal amount being redeemed is $1,000,000,000.
The redemption will be effective on June 12, 2025, with the redemption price set at 100% of the principal amount plus any accrued and unpaid interest. Interest on these senior notes will cease to accrue on the redemption date.
This debt management action demonstrates PNC's financial flexibility and its ability to optimize its capital structure. By redeeming these notes, PNC can reduce its outstanding debt and potentially lower its overall cost of funding.
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