Pearl Diver Credit Company Inc. Announces Closing of Series A Preferred Stock Offering By Investing.com

NEW YORK and LONDON, December 19, 2024 /PRNewswire/ — Pearl Diver Credit Company Inc. (NYSE: PDCC) (the “Company”) today announced the closing of its previously announced public offering of 1,200,000 shares of its 8.00% Series A Preferred Stock due 2029 (the “Preferred Stock”) at a public offering price $25.00 per share.

The Company intends to use the proceeds from the offering to acquire investments in accordance with the investment objectives and strategies described in the prospectus relating to this offering and for general working capital purposes. The Preferred Shares will begin trading on the NYSE under the symbol “PDPA” on December 20, 2024.

Lucid (NASDAQ 🙂 Capital Markets, LLC (“Lucid”), B. Riley Securities, Inc. and Kingswood Equity Partners (WA:), LLC acted as joint book managers and InspereX LLC and Janney Montgomery Scott LLC acted as lead managers of the offering.

Investors should carefully consider the Company’s investment objectives, risks, charges and expenses before investing. The brochure, dated December 13, 2024which has been presented to the Securities and Exchange Commission (“SECOND“), contains this and other information about the Company and should be read carefully before investing. The prospectus and this press release are not offers to sell these securities and do not solicit an offer to buy these securities in any state where such offer or sale is not permitted.

A registration statement relating to these securities is on file and has been declared effective by the SECOND. Copies of the prospectus may be obtained by writing to Lucid Capital Markets, LLC, 570 Lexington Avenue, New York, New York 10022, by calling Lucid toll-free at 646-362-0256, or by emailing Lucid at prospectus@lucid.com. Copies can also be obtained at SEC website at www.sec.gov.

About Pearl Diver Credit Company Inc.

Pearl Diver Credit Company Inc. (NYSE: PDCC) is an externally managed, non-diversified, closed-end investment company. Your primary investment objective is to maximize the total return of your portfolio, with a secondary objective of generating high current income. The Company seeks to achieve these objectives by investing primarily in equity and CLO junior debt tranches collateralized by portfolios of sub-investment grade floating rate senior secured debt issued by a large number of different U.S. companies in various industry sectors. The Company is managed externally by Pearl Diver Capital LLP. For more information, visit www.pearldivercreditcompany.com.

Forward-looking statements

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical fact included in this press release may constitute forward-looking statements and are not guarantees of performance or future performance. results and involve a series of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and other filings of the Company with the SECOND. The Company undertakes no obligation to update any forward-looking statements made herein. All forward-looking statements speak only as of the date of this press release.

NOT FDIC INSURED ¢ NO BANK GUARANTEE ¢ MAY LOSE VALUE

Investors contact:
Information@Pearldivercap.com
United Kingdom: +44 (0)20 3967 8032
USA: +1 617 872 0945