Company: PDCC
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001214659-25-013974
Chunk: 135

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-19
Form: 424B2
Chunk 135
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 market value of our
investments, the Adviser can determine to draw on our planned leverage facility to purchase new assets at a time of market dislocation.
Such purchases, if made, can mitigate price drops in the current portfolio by making new asset purchases at a discount. Further, such
purchases can potentially contribute to a higher increase in net asset value of the portfolio upon a market rebound than if the purchases
were not made. Our willingness to utilize leverage, and the amount of leverage we incur, will depend on many factors, the most important
of which are investment outlook, market conditions, and interest rates. Successful use of a leveraging strategy may depend on our ability
to predict correctly interest rates and market movements, and there is no assurance that a leveraging strategy will be successful during
any period in which it is employed. Any leveraging cannot be achieved until the proceeds resulting from the use of leverage have been
invested in accordance with our investment objectives and policies. See “Risk Factors — Risks Related to Our Investments — We may leverage our portfolio, which would magnify the potential for gain or loss on amounts invested and increase the risk of investing in us.”

Preferred Stock.We are authorized
to issue 25,000,000 shares of preferred stock and we may issue preferred stock within our first twelve months following the completion
of this offering. If we issue preferred stock, costs of the offering will be borne immediately at such time by holders of our common stock
and result in a reduction of the NAV per share of our common stock at that time. Under the requirements of the 1940 Act, we must, immediately
after the issuance of any preferred stock, have an “asset coverage” of at least 200%. Asset coverage means the ratio by which
the value of our total assets, less all liabilities and indebtedness not represented by senior securities (as defined in the 1940 Act),
bears to the aggregate amount of senior securities representing our indebtedness, if any, plus the aggregate liquidation preference of
the preferred stock. If we seek a rating of the preferred stock, additional asset coverage requirements, which may be more restrictive
than those imposed by the 1940 Act, may be imposed.

Derivative Transactions. We may
engage in Derivative Transactions from time to time. To the extent we engage in Derivative Transactions, we expect to do so to hedge against
interest rate, credit and/or other risks, or for other investment or risk management purposes. We may use Derivative Transactions for