#United States #New York #Series A #Pearl Diver Credit #NYSE PDCC

Pearl Diver Credit Company Inc. Begins Offering Series A Preferred Stock

In a strategic move to bolster its investment capacity, Pearl Diver Credit Company Inc. (NYSE: PDCC) has announced its underwritten public offering of Series A Preferred Stock due 2029. This offering marks a significant step for the company as it seeks to raise capital for further investments in accordance with its outlined objectives.

The financial specifics regarding the Series A Preferred Stock are still under discussion, with the final terms to be decided through negotiations between the company and the underwriters. Investors can expect the shares to be rated 'BBB' by the independent Egan-Jones Ratings Company, providing an additional layer of assurance. In a strategic addition, the company plans to offer underwriters a 30-day option to purchase additional shares under the same offering conditions, signaling confidence in the expected demand for these securities.

These shares are predicted to be listed on the New York Stock Exchange, with trading anticipated to commence within 30 days following the original issuance under the ticker symbol "PDPA." This listing will provide investors with broad accessibility and liquidity as part of their investment strategy.

Purpose of the Fundraising

The net proceeds from this public offering are earmarked for various ventures, primarily aimed at acquiring new investments as described in the prospectus supplement. Additionally, the funds will be allocated for general working capital purposes, aiding in the company’s operational efficiency and growth strategies.

The company emphasizes the importance for potential investors to thoroughly review its investment objectives, risks, charges, and expenses as outlined in the preliminary prospectus already filed with the Securities and Exchange Commission (SEC). This document holds pertinent information regarding the company's financials and operational strategies. Investors are urged to consider all these components carefully before making investment decisions.

Pearl Diver Credit Company, primarily focused on achieving higher total returns through investment in equity and junior debt tranches of collateralized loan obligations (CLOs), aims to maximize performance within the parameter of sub-investment grade debt portfolios offered by a multitude of US-based firms spread across diverse sectors.

Management and Future Outlook

The company is externally managed by Pearl Diver Capital LLP, making strategic moves to position itself favorably within the competitive landscape of financial services. By continuously adapting to market trends and focusing on high-return investments, Pearl Diver is committed to delivering value to its investors.

In conjunction with this offering, the company emphasizes its adherence to a disciplined management approach, aligning investment strategies with broader market opportunities. This underwritten public offering represents yet another chapter in Pearl Diver's ongoing growth narrative, capturing investor interest in an ever-evolving market landscape.

Conclusion

As Pearl Diver Credit Company prepares for the launch of its Series A Preferred Stock, the market anticipates greater accessibility and enhanced opportunities for investment. This move illustrates the company’s proactive stance in capitalizing on growth potential while adhering to rigorously defined investment strategies, ensuring sustainable returns for its stakeholders. Potential investors should keep an eye on further announcements as the company looks to capitalize on this public offering effectively.