8-KOther EventsExhibits & Filings

PNC FINANCIAL SERVICES GROUP, INC. 8-K Report, Corporate Update (Oct 1, 2007)

Filed October 1, 2007For Securities:PNC

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.

Frequently Asked Questions

This 8-K filing is primarily to report the completion of a public offering of $250 million in 5.50% Senior Notes due 2012 by PNC Funding Corp, a subsidiary of The PNC Financial Services Group, Inc., and to file the related transaction documents as exhibits.

The 5.50% Senior Notes due 2012 were issued by PNC Funding Corp, an indirect, wholly-owned subsidiary of The PNC Financial Services Group, Inc. The notes are guaranteed by the parent company, The PNC Financial Services Group, Inc.

The Senior Notes have an aggregate principal amount of $250,000,000, bear a fixed interest rate of 5.50% per annum, and mature on September 28, 2012.

The debt offering was conducted as a public offering under an existing shelf registration statement previously filed with the SEC. The transaction involved an Underwriting Agreement with Banc of America Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as representatives for the underwriters.