Pearl Diver Credit Company Inc. Announces Pricing of Its Upsized Initial Public Offering
Pearl Diver Credit Company Inc. (PDCC)
Company Research
Source: PR Newswire
NEW YORK and LONDON, July 17, 2024 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC) (the "Company") today announced the pricing of its upsized initial public offering of 2.2 million shares at $20 per share, which will result in net proceeds to the Company of approximately $44 million. In addition, 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. The Company is a closed-end, registered fund that will trade on the New York Stock Exchange under the ticker "PDCC." The offering is expected to close on July 19, 2024, subject to customary closing conditions.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).Kingswood Capital Partners, LLC is acting as the sole bookrunner for the offering.Investors should consider
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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