Cravath – PNC’s Preferred Stock Offering

Cravath represented the underwriters, led by J.P. Morgan Securities, Citigroup and PNC Capital Markets LLC, in connection with the US$500 million offering of depositary shares representing preferred stock of The PNC Financial Services Group, Inc., one of the largest diversified services companies in the United States. The transaction closed on May 7, 2013.

The Cravath team included partner Andrew J. Pitts.

www.cravath.com