Pearl Diver Credit Company Inc. Prices Offering of Series A Preferred Stock
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Pearl Diver Credit Company Inc. (NYSE: PDCC) has announced the pricing of its Series A Preferred Stock offering, expected to raise approximately $28.8 million. The shares are rated 'BBB' by Egan-Jones Ratings Company.
December 12, 2024 | 10:45 pm
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Pearl Diver Credit Company Inc. has priced its Series A Preferred Stock offering, which is expected to raise $28.8 million. The offering is rated 'BBB' by Egan-Jones Ratings Company.
The successful pricing of the Series A Preferred Stock offering indicates a positive step for PDCC in raising capital. The 'BBB' rating by Egan-Jones suggests a moderate credit risk, which is generally favorable for investors. This could lead to a positive short-term impact on PDCC's stock price as the market reacts to the capital infusion and credit rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100