Company: PDCC
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001214659-25-013974
Chunk: 26

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-19
Form: 424B2
Chunk 26
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 consider such information to be part of this prospectus supplement or the accompanying prospectus.

<div align='center'>INCORPORATION BY REFERENCE</div>

We incorporate by reference in this prospectus
supplement the documents listed below and any future reports and other documents we file with the SEC pursuant to Sections 13(a), 13(c),
14, or 15(d) of the Exchange Act or pursuant to Rule 30b2-1 under the 1940 Act including any filings on or after the date of this prospectus
from the date of filing (excluding any information furnished, rather than filed), until we have sold all of the common stock to which
this prospectus supplement relates or the offering is otherwise terminated. To obtain copies of these filings, see “Additional Information”
above.

| S-16 |

<div align='center'>PROSPECTUS

$100,000,000

PEARL DIVER CREDIT COMPANY INC.

Common Stock</div>

We are an externally managed,
non-diversified closed-end management investment company that has registered as an investment company under the Investment Company Act
of 1940, as amended, or the “1940 Act”. Our primary investment objective is to maximize our portfolio’s total return
with a secondary objective to generate high current income. We will seek to achieve our investment objectives by investing primarily in
equity and junior debt tranches of collateralized loan obligations (“CLOs”) that are collateralized by portfolios of sub-investment
grade, senior secured floating-rate debt, issued by a large number of distinct US companies across several industry sectors. We may also
invest in other securities and instruments that are related to these investments or that the Adviser (defined below) believes are consistent
with our investment objectives, including senior and mezzanine debt tranches of CLOs and CLO loan accumulation facility warehouse (“CLO
Warehouse”) first loss investments.

The Company has adopted a
non-fundamental investment policy in accordance with Rule 35d-1 under the 1940 Act to invest, under normal circumstances, at least 80%
of its net assets, plus the amount of any borrowings for investment purposes, in credit instruments. The Company defines “credit
instruments” as financial instruments the performance of which is derived from the performance of senior secured loans or pools
thereof. Instruments that the company considers to be “credit instruments” include, but are not limited to, senior, mezzanine,
and junior debt tranches