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PNC Financial Services eyes offering of floating-rate senior notes
By Cristal Cody
Tupelo, Miss., Feb. 2 – PNC Financial Services Group, Inc. (A3/A-) plans to price floating-rate senior notes, according to a 424B5 filed with the Securities and Exchange Commission on Thursday.
J.P. Morgan Securities LLC and PNC Capital Markets LLC were the bookrunners.
Proceeds will be used for general corporate purposes, which may include advances to PNC and its subsidiaries to finance their activities and repayment of outstanding debt.
PNC Financial Services is a financial services company based in Pittsburgh.
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