Company: PDCC
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001214659-25-013974
Chunk: 8

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-19
Form: 424B2
Chunk 8
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 stockholders. See “Business”
in the accompanying prospectus.

<div align='center'>Pearl Diver Capital LLP</div>

Pearl Diver Capital LLP, our investment adviser,
manages our investments subject to the oversight of our board of directors pursuant to an investment advisory agreement, or the “Investment
Advisory Agreement”. For a description of the fees and expenses that we pay to the Adviser, see “The Adviser and the Administrator — Investment Advisory Agreement — Base Management Fee and Incentive Fee” and “The Adviser and the Administrator — The Administrator and the Services Agreement” in the accompanying prospectus.

The Adviser is registered as an investment adviser
with the SEC. As of August 31, 2025, the Adviser had approximately $3.0 billion of total assets under management for investment in CLO
securities, including capital commitments that were undrawn as of such date. The Adviser commenced operations in 2008 and its principal
place of business is located at 52 Conduit Street, London, W1S 2YX, United Kingdom. The Adviser is owned by Mr. Indranil (Neil) Basu and
Mr. Chandrajit Chakraborty. The Adviser’s senior management team are also shareholders in the Pearl Diver group holding company,
Pearl Diver Capital Holdings Ltd., of which the Adviser is an affiliate.

<div align='center'>Financing and Hedging Strategy</div>

Leverage by the Company. We may
use leverage to the extent permitted by the 1940 Act. We are permitted to obtain leverage using any form of financial leverage instruments,
including funds borrowed from banks or other financial institutions, margin facilities, notes, or preferred stock and leverage attributable
to reverse repurchase agreements or similar transactions. Over the long term, management expects us to operate under normal market conditions
generally with leverage within a range of 25% to 35% of total assets, although the actual amount of our leverage will vary over time.
We currently anticipate incurring leverage through the issuance of preferred stock, including the Series A Term Preferred Stock, or reverse
repurchase agreements or similar transactions.

As of June 30, 2025, we had one series of preferred
stock outstanding, the 8.00% Series A Term Preferred Stock Due 2029, and our leverage, which includes the Series A Term Preferred Stock,
represented approximately 24.3% of our total assets.