Company: PDCC
Filing Date: 2025-09-16
Form Type: N-2/A
Source: 0001214659-25-013826
Chunk: 2

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-16
Form: N-2/A
Chunk 2
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 Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.

| The information in this preliminary prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This preliminary prospectus is not an offer to sell these securities and is not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted. |

<div align='center'>SUBJECT TO COMPLETION, SEPTEMBER 16, 2025

PRELIMINARY PROSPECTUS

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 of CLOs, equity tranches of CLOs, and CLO Warehouses.

We were organized as Pearl
Diver Credit Company, LLC, a Delaware limited liability company, on April 12,