PNC Financial Services Group Stock Price, News & Analysis

PNC Financial Services Group has announced the redemption of $1.25 billion in Senior Notes, which are due on April 29, 2021. The notes, carrying a distribution rate of 2.150%, will be redeemed at their face value of $1,000 per $1,000 in principal, plus any accrued interest, on March 30, 2021. This strategic move indicates PNC's commitment to managing its liabilities effectively. Payments will be processed through The Depository Trust Company.

Harris Williams announced its advisory role in the sale of Rohrer Corporation to Wellspring Capital Management. Rohrer, a leading manufacturer of high-visibility consumer packaging in North America, is set for growth under Wellspring's ownership. This transaction was led by a team from Harris Williams, highlighting Rohrer’s extensive product capabilities, including printed paperboard and thermoformed plastic products. The partnership is expected to enhance Rohrer’s operational strengths and market position.

Harris Williams has successfully advised American Veterinary Group (AVG) on its sale to Oak Hill Capital. AVG operates a network of veterinary hospitals in the Southeastern U.S., serving over 500,000 pets annually. The deal, supported by Latticework Capital Management and Trive Capital, was facilitated by the expertise of Harris Williams' Healthcare & Life Sciences and Consumer Groups. The management team expressed gratitude for the partnership with Harris Williams and is optimistic about AVG's future growth with Oak Hill, leveraging its differentiated service offerings.

The PNC Financial Services Group, Inc. will announce its first quarter 2021 financial results on April 16, 2021, at approximately 6:45 a.m. (ET). A conference call for investors is scheduled for the same day at 9 a.m. (ET). Additionally, PNC will hold its 2021 Annual Meeting of Shareholders on April 27, 2021, which will be conducted virtually.

All relevant details, including dial-in numbers for the conference call and a link to the webcast, are accessible on PNC’s website.

Harris Williams has successfully advised GSL Solutions, Inc. on its sale to BD (Becton, Dickinson and Company), a global leader in medical technology. The transaction, led by key figures including Andy Dixon and Taylor Will, highlights a significant achievement in the pharmacy automation sector. With over 22 years of experience, GSL aims to expand its market presence post-acquisition. Harris Williams, a subsidiary of PNC Financial Services Group, continues to showcase its expertise in M&A advisory services.

Harris Williams announced its advisory role in the sale of TricorBraun, a leading packaging distributor, to funds managed by Ares Management and Ontario Teachers’ Pension Plan. AEA Investors will retain a minority stake in TricorBraun post-transaction. TricorBraun, with over $1.5 billion in annual sales, serves various sectors including personal care and food & beverage, operating from 50 locations worldwide. The transaction further highlights Ares Management's extensive asset management capabilities, which total approximately $197 billion.

The PNC Asset Management Group announced Amanda Agati as the new Chief Investment Officer (CIO), effective April 9, 2021, succeeding Mark McGlone, who will retire after 40 years. Carole Brown, head of the group, praised Agati's expertise and leadership in investment strategies. Agati will be responsible for developing investment policies and strategies, while also leading internal committees. Additionally, Dan Brady will take over as Chief Investment Strategist, and Nick Ashburn will head Responsible Investing on the same date.

Harris Williams, a global investment bank, announced the sale of International Sports Sciences Association (ISSA), a portfolio company of the BERKS Group, to Tailwind Capital. The deal reflects ISSA's strong position in the eLearning and certification market for fitness professionals, boasting over 300,000 trained students globally. The transaction highlights Harris Williams' expertise in the professional education sector and underscores ISSA's continued growth trajectory despite economic uncertainties. The leadership of ISSA under CEO Andrew Wyant is also noted for driving this success.