Mount Logan Capital Inc. announced the commencement of a registered underwritten public offering of senior unsecured notes.
The Notes will be issued in denominations of $25 and integral multiples of $25 in excess thereof and are expected to pay interest quarterly.
The Notes are expected to be listed on the Nasdaq Global Market under the trading symbol 'MLCIL'.
Offering Details
The senior unsecured notes will be issued in denominations of $25, paying interest quarterly.
Underwriters
Lucid Capital Markets, LLC, Piper Sandler & Co., and BC Partners Securities LLC are acting as joint bookrunners for the offering.
Expected Rating
The Notes are expected to be rated 'BBB-' by Egan-Jones Ratings Company.
Listing
The Notes are expected to trade on the Nasdaq Global Market under the symbol 'MLCIL' within 30 days from the issue date.
Use of Proceeds
Net proceeds from the offering will be used for repayment of outstanding indebtedness under the credit facility and general corporate purposes.
- Mount Logan Capital Inc. aims to use the proceeds for debt repayment and enhancing its financial position.
- The offering provides investors an opportunity to participate in the Company's growth and strategic initiatives.
The offering of senior unsecured notes by Mount Logan Capital Inc. presents a strategic opportunity for the Company to strengthen its financial position and support its growth objectives.