Citizens’ $1.25 Billion Offering

January 19, 2024

Cleary Gottlieb represented the underwriters, led by Barclays, BofA Securities, Goldman Sachs, Morgan Stanley, and Citizens Capital Markets, in the offering of $1.25 billion of 5.841% senior notes due 2030 of Citizens Financial Group Inc. (Citizens).

The offering priced on January 18, 2024, and is expected to close on January 23, 2024.

Citizens is one of the nation’s oldest and largest financial institutions, with $225.3 billion in assets as of September 30, 2023. Cleary has represented the underwriters in numerous other offerings of Citizens’ and Citizens Bank’s securities, including the initial public offering of Citizens’ common stock in September 2014.