Pearl Diver Credit Company Inc. Announces Launch of Initial Public Offering
Pearl Diver Credit Company Inc. (PDCC)
Company Research
Source: PR Newswire
Pearl Diver Capital LLP will serve as the investment adviserNEW YORK and LONDON, July 18, 2024 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC) (the "Company") today announced the launch of its initial public offering. A closed-end, 40 Act fund, it will trade on the New York Stock Exchange under the ticker "PDCC" and use the proceeds from the capital raised to build diversified portfolios of senior secured U.S. corporate loans through investments in equity tranches of collateralized loan obligations (CLOs). PDCC is seeking to raise $44 million through the issuance of 2.2 million shares at $20 per share.The Company has granted the underwriters a 45-day option to purchase up to an additional 330,000 shares of common stock to cover over-allotments, if any. 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 organi
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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