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PNC Announces Redemption of 4.758% Fixed Rate/Floating Rate Senior Notes Due Jan. 26, 2027

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PITTSBURGH, Jan. 15, 2026 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today a...

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AI Summary

PNC announced redemption of $1.25 billion in 4.758% Senior Notes. Redemption scheduled for January 26, 2026, ahead of maturity. Investors will receive full principal plus accrued interest by redemption date. Interest on notes ceases on redemption date, effective impact on cash flow.

Sentiment Rationale

This redemption may lower future interest expenses, enhancing profit margins. Historically, such proactive financial management usually boosts investor confidence.

Trading Thesis

The immediate financial implications and cash flow effects are observable before the redemption date. Short-term investor sentiment may improve due to reduced liabilities.

Market-Moving

  • PNC announced redemption of $1.25 billion in 4.758% Senior Notes.
  • Redemption scheduled for January 26, 2026, ahead of maturity.
  • Investors will receive full principal plus accrued interest by redemption date.

Key Facts

  • PNC announced redemption of $1.25 billion in 4.758% Senior Notes.
  • Redemption scheduled for January 26, 2026, ahead of maturity.
  • Investors will receive full principal plus accrued interest by redemption date.
  • Interest on notes ceases on redemption date, effective impact on cash flow.

Companies Mentioned

  • JPM (JPM)
  • BAC (BAC)
  • WFC (WFC)

Corporate Developments

Redemption of senior notes indicates strong financial health and forward management strategy. It strategically outlines PNC's efforts to maintain a robust balance sheet.

PNC Financial Services Group Announces Redemption of Senior Notes

The PNC Financial Services Group, Inc. (NYSE: PNC) has announced the planned redemption of all outstanding 4.758% Fixed Rate/Floating Rate Senior Notes on January 26, 2026. These notes, originally due on January 26, 2027, were issued by PNC for an aggregate amount of $1,250,000,000 (CUSIP 693475 BL8).

Details of the Redemption

On January 26, 2026, the redemption price for the 4.758% Fixed Rate/Floating Rate Senior Notes will be set at 100% of their principal amount. Additionally, any accrued and unpaid interest up to the redemption date will be included in the payment. Notably, interest on these notes will cease to accrue as of the redemption date.

Payments will be processed through the facilities of The Depository Trust Company.

About PNC Financial Services Group

The PNC Financial Services Group, Inc. is among the largest diversified financial services institutions in the United States. PNC's operations are designed around building strong relationships with customers and communities, offering a wide range of services including:

  • Retail and business banking
  • Lending products tailored for various needs
  • Specialized services for corporations and government entities
  • Corporate banking, real estate finance, and asset-based lending
  • Wealth management and asset management services

For more information about PNC, interested parties can visit www.pnc.com.

Contacts for Media and Investors

For media inquiries, please contact:

Kristen Pillitteri
Phone: (412) 762-4550
Email: kristen.pillitteri@pnc.com

For investor inquiries, please reach out to:

Bryan Gill
Phone: (412) 768-4143
Email: bryan.gill@pnc.com

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