Summary
The PNC Financial Services Group, Inc. (PNC) filed a Form 8-K on October 1, 2007, to report on the completion of a public offering of $250 million in aggregate principal amount of 5.50% Senior Notes due September 28, 2012. These notes were issued by PNC Funding Corp, an indirect wholly-owned subsidiary, and guaranteed by the parent corporation. The offering was conducted under an existing shelf registration statement and was facilitated by an Underwriting Agreement with Banc of America Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acting as representatives for the underwriters. This filing serves to officially document the transaction and incorporate by reference the relevant agreements and forms of debt instruments as exhibits.
Key Highlights
- 1PNC Financial Services Group completed a $250 million public offering of 5.50% Senior Notes due 2012.
- 2The notes were issued by indirect wholly-owned subsidiary PNC Funding Corp.
- 3The Senior Notes are guaranteed by The PNC Financial Services Group, Inc.
- 4The offering utilized an existing shelf registration statement filed earlier in 2007.
- 5The issuance was completed on September 28, 2007.
- 6Key transaction documents, including the Underwriting Agreement and forms of the Notes and Guarantee, are filed as exhibits.