Pearl Diver Credit Company Inc. Announces Closing of Initial Public Offering and Full Exercise of Overallotment Option
Pearl Diver Credit Company Inc. (PDCC)
Company Research
Source: PR Newswire
NEW YORK and LONDON, July 19, 2024 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC) (the "Company") today announced the closing of its previously announced initial public offering of 2.2 million shares of common stock at a public offering price of $20.00 per share and the full exercise of the overallotment option of 330,000 shares for total net proceeds to the Company of $50.6 million. Pearl Diver Capital LLP ("Pearl Diver Capital"), the Company's investment adviser, or its affiliates will pay the full amount of the sales load in connection with this initial public offering and all of the Company's organizational and offering expenses.The Company intends to use the proceeds from the capital raised to build a diversified portfolio of senior secured U.S. corporate loans through investments in equity tranches of collateralized loan obligations (CLOs).Shares of the Company's common stock began trading on the New York Stock Exchange under the symbol "PDCC" on July 18, 2024. As
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PDCC
Sec Filings
- 8/20/24 - Form 5
- 8/19/24 - Form 3
- 7/26/24 - Form 4/A
- PDCC's page on the SEC website