Citizens Financial Group, Inc. Completes Offering of $1 Billion Aggregate Principal Amount of Senior Notes

March 2, 2017

S&C client Citizens Financial Group, Inc. (CFG), a financial institution headquartered in Providence, Rhode Island, completed a 3(a)(2) offering of $1 billion aggregate principal amount of senior notes through its wholly owned principal depository institution subsidiary, Citizens Bank, N.A. (CBNA), under CBNA's Global Bank Note Program. The senior notes offering included $700 million aggregate principal amount of 2.250% senior notes and $300 million aggregate principal amount of floating rate senior notes.

The S&C team representing CFG on the offering of senior notes was led by Mark Welshimer and Robert Downes, along with Sarah Flowers, Teal Patterson and Kathryn Collard. Jeffrey Hochberg, Saul Brander and Lauren Citrome advised on tax matters.