The company has commenced an underwritten public offering of its Series A Preferred Stock Due 2029. Certain financial and other terms of the Series A Preferred Stock are to be determined by negotiations between the Company and the underwriters. Shares of the Series A Preferred Stock are rated ‘BBB’ by Egan-Jones Ratings Company, an independent rating agency. In addition, the Company plans to grant the underwriters a 30-day option to purchase additional shares of Series A Preferred Stock pursuant to the same terms and conditions. Shares of the Series A Preferred Stock are expected to be listed on the New York Stock Exchange and to trade thereon within 30 days of the original issue date under the ticker symbol “PDPA.” As of 2024-12-11, the Fund’s leverage was None% and Collateralized Loan Obligation Group leverage was 25.1%.
Pearl Diver Cr Co
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