Pearl Diver Credit Company Inc. Prices Offering of Series A Preferred Stock

Core Viewpoint - Pearl Diver Credit Company Inc. has announced a public offering of 1,200,000 shares of its 8.00% Series A Preferred Stock due 2029, priced at $25 per share, aiming to raise approximately$28.8 million in net proceeds after expenses [1][2]. Group 1: Offering Details - The offering is expected to close on December 18, 2024, subject to customary closing conditions [2]. - The Preferred Shares will be listed on the New York Stock Exchange under the symbol "PDPA" within 30 days of the issue date [2]. - The underwriters have a 30-day option to purchase an additional 180,000 Preferred Shares under the same terms [1]. Group 2: Company Overview - Pearl Diver Credit Company Inc. is an externally managed, non-diversified, closed-end management investment company focused on maximizing total return and generating high current income [6]. - The company primarily invests in equity and junior debt tranches of CLOs backed by portfolios of sub-investment grade, senior secured floating-rate debt from various U.S. companies across multiple sectors [6]. Group 3: Rating Information - The Preferred Shares are rated 'BBB' by Egan-Jones Ratings Company, an independent rating agency [1].