Mount Logan Capital Inc. announced 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 company plans to grant the underwriters a 30-day option to purchase additional Notes on the same terms.
Offering Details
Mount Logan Capital Inc. is conducting an offering of senior unsecured notes in denominations of $25 with quarterly interest payments, providing investors with a fixed-income investment option.
Underwriters
Lucid Capital Markets, LLC, Piper Sandler & Co., and BC Partners Securities LLC have been appointed as joint bookrunners for the offering, indicating the company's confidence in their underwriting capabilities.
Listing
The Notes issued by Mount Logan Capital Inc. are expected to be listed on the Nasdaq Global Market under the trading symbol 'MLCIL', expanding the company's visibility and access to a broader investor base.
Use of Proceeds
The net proceeds from the offering are intended to be utilized for debt repayment and general corporate purposes, reflecting the company's strategic focus on enhancing its financial flexibility and strengthening its balance sheet.
- Mount Logan Capital Inc.'s decision to issue senior notes aligns with its objective to manage its outstanding debts effectively and bolster its financial standing, enabling it to pursue its corporate objectives with greater stability and flexibility.
- The planned listing of the Notes on the Nasdaq Global Market underscores Mount Logan's commitment to transparency and regulatory compliance, enhancing its credibility and attracting potential investors seeking listed fixed-income securities.
Mount Logan Capital Inc.'s offering of senior notes underscores a strategic financial move aimed at optimizing its capital structure, strengthening its financial position, and advancing its long-term strategic initiatives, demonstrating a proactive approach to enhancing shareholder value and driving sustainable growth.