Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Tuesday, October 13, 5:28 PM
| This Slide: #42 of 672 |
Slide #42. Pearl Diver Credit Company Inc. — Preferred Stock Offering
| Company: | Pearl Diver Credit Company Inc. (NYSE:PDCC) |
| Date announced: | 12/12/2024 |
| Shares Offered: | 1,200,000 |
| Date of Pricing: | 12/12/2024 |
| Price Per Share: | $25.00 |
| Preferred Stock Offering Details: | Pearl Diver Credit Company Inc. (NYSE: PDCC) (the "Company") today announced that it has priced an underwritten public offering of 1,200,000 shares of its 8.00% Series A Preferred Stock Due 2029 (the "Preferred Shares") at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $28.8 million after payment of underwriting discounts and estimated offering expenses payable by the Company. The Preferred Shares are rated 'BBB' by Egan-Jones Ratings Company, an independent rating agency. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 180,000 Preferred Shares pursuant to the same terms and conditions. |
Preferred: PDPA
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