Mount Logan Capital Inc. (Nasdaq: MLCI) announced a public offering of senior unsecured notes.
The Notes will be issued in denominations of $25 and are expected to pay interest quarterly.
The offering is managed by Lucid Capital Markets, LLC, Piper Sandler & Co., and BC Partners Securities LLC.
Offering Details
The Notes will be issued in denominations of $25 and are expected to pay interest quarterly.
Underwriters
Lucid Capital Markets, Piper Sandler, and BC Partners Securities are acting as joint bookrunners with Canaccord Genuity, William Blair & Company, and Wedbush Securities as co-managers.
Use of Proceedings
Proceeds from the offering will be used to repay outstanding indebtedness and for general corporate purposes.
- Mount Logan expects to raise funds through the offering to repay existing debt and support its general operations.
- The offering provides investors the opportunity to participate in Mount Logan's growth strategy and benefit from potential returns.
The public offering of senior unsecured notes by Mount Logan Capital Inc. demonstrates the company's proactive approach to managing its capital structure and funding its operations.