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PNC Announces Redemption of 5.812% Fixed Rate/Floating Rate Senior Notes Due June 12, 2026

1. PNC announced redemption of $1 billion senior notes due June 2026. 2. Notes will be redeemed at principal plus accrued interest by June 2025. 3. PNC emphasizes strong customer relationships in financial services. 4. The redemption date will halt interest accrual for the senior notes. 5. Financial strength enables PNC to manage and retire debt effectively.

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FAQ

Why Bullish?

The redemption indicates financial health and cash availability, reducing debt. Historical examples show debt management often positively influences share prices.

How important is it?

The proactive debt management strategy signals financial stability, influencing investor confidence positively. This reinforces PNC's position in a competitive market.

Why Short Term?

The upcoming redemption date in 2025 could prompt immediate investor reactions. Previous announcements of debt repayment positively impacted other financial institutions shortly after.

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, /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption of, on June 12, 2025, all outstanding 5.812% Fixed Rate/Floating Rate Senior Notes due June 12, 2026, issued by PNC in the amount of $1,000,000,000 (CUSIP 693475 BQ7). The securities have an original scheduled maturity date of June 12, 2026. The redemption price will be equal to 100% of the principal amount, plus any accrued and unpaid interest to the redemption date of June 12, 2025. Interest on the 5.812% Fixed Rate/Floating Rate Senior Notes will cease to accrue on the redemption date. Payment of the redemption price for the 5.812% Fixed Rate/Floating Rate Senior Notes will be made through the facilities of the Depository Trust Company. The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com. CONTACTS MEDIA:       Kristen Pillitteri(412) 762-4550[email protected]                INVESTORS:       Bryan Gill(412) 768-4143[email protected] SOURCE The PNC Financial Services Group, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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