Pearl Diver Credit Company Completes 1.2 Million Share Offering

Pearl Diver Credit Company Inc. Completes Successful Offering

Pearl Diver Credit Company Inc. (NYSE: PDCC) has announced the successful closing of its public offering of 1,200,000 shares of 8.00% Series A Preferred Stock that is set to mature in 2029. The offering price was established at $25.00 per share, reflecting a strategic move to bolster its investment portfolio.

Strategic Use of Proceeds

The funds raised from this offering will enable the Company to acquire investments aligned with its established investment objectives as detailed in the offering prospectus. This strategic initiative is part of their ongoing commitment to enhance their operational capacity and support overall working capital needs.

Trading Information

The newly issued Preferred Shares are slated to trade on the New York Stock Exchange under the symbol "PDPA". This addition not only expands the Company’s investment offerings but also provides investors with additional avenues for participation in its growth trajectory.

Management and Execution of the Offering

A collaborative effort among key players in the finance sector was integral to the success of this offering. Lucid Capital Markets, LLC, B. Riley Securities, Inc., and Kingswood Capital Partners, LLC operated as joint book-running managers. Additionally, InspereX LLC and Janney Montgomery Scott LLC served as lead managers for the offering, ensuring that the transition from announcement to execution was seamless.

Understanding the Investment Landscape

Investors are encouraged to carefully evaluate Pearl Diver Credit Company Inc.’s investment objectives, associated risks, costs, and potential returns prior to making investment decisions. The prospectus, effective as of December 13, has been filed with the Securities and Exchange Commission (SEC) and includes comprehensive information that should be considered before proceeding.

About Pearl Diver Credit Company Inc.

Pearl Diver Credit Company Inc. (NYSE: PDCC) operates as an externally managed, closed-end management investment firm with a focus on generating total return and current income. Its investment strategy revolves around the acquisition of equity and junior debt primarily in collateralized loan obligations (CLOs). These CLOs consist of portfolios of senior secured floating-rate debt, primarily from sub-investment grade corporations spanning various industries.

A Commitment to Growth

Managed by Pearl Diver Capital LLP, the Company remains dedicated to maximizing investor returns while tackling the challenges that come with market fluctuations. By consistently refining its strategy, it aims to maintain a steady course in achieving financial success for its stakeholders.

Frequently Asked Questions

What is the purpose of the Series A Preferred Stock offering?

The offering aims to raise capital to acquire investments that align with Pearl Diver Credit Company's strategic objectives and to enhance working capital.

When will the Preferred Shares start trading?

The Preferred Shares are expected to begin trading on the New York Stock Exchange under the symbol "PDPA" shortly after the closing.

Who managed the offering?

Lucid Capital Markets, LLC, B. Riley Securities, Inc., and Kingswood Capital Partners, LLC were the joint book-running managers for the offering.

What should investors consider before investing?

Investors should review the investment objectives, risks, and expenses outlined in the prospectus filed with the SEC prior to making any investment choices.

What is the primary investment strategy of Pearl Diver Credit Company?

The Company's primary strategy is to focus on maximizing total returns through investment in equity and junior debt tranches of CLOs, while also generating high current income.

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