Mount Logan Capital Inc. (Nasdaq: MLCI) is commencing a registered underwritten public offering of senior unsecured notes.
The Notes will be issued in denominations of $25 and are expected to pay interest quarterly.
The offering price, interest rate, and terms of the Notes will be determined through negotiations with underwriters.
Offering Details
Notes to be issued in denominations of $25, expected to pay interest quarterly, and rated 'BBB-' by Egan-Jones Ratings Company.
Listing Information
Notes to be listed on Nasdaq Global Market under the trading symbol 'MLCIL' within 30 days from the issue date.
Use of Proceeds
Net proceeds to be used for repayment of outstanding credit facility debt and general corporate purposes.
- Mount Logan is focusing on generating durable revenue and long-term value creation through its integrated alternative asset management and insurance solutions.
- The Company aims to deliver attractive, risk-adjusted returns across market cycles by leveraging differentiated investment strategies and insurance capital.
Investors should carefully consider the Company's business objectives and risks as outlined in the preliminary prospectus before making investment decisions in the offered Notes.