Mount Logan Capital Inc. (Nasdaq: MLCI) announced 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.
The offering price, interest rate, and terms of the Notes will be determined by negotiations with underwriters.
The Notes are expected to be rated 'BBB-' by Egan-Jones Ratings Company.
Notes Offering
Registered underwritten public offering of senior unsecured notes in denominations of $25.
Rating
Expected rating of 'BBB-' by Egan-Jones Ratings Company for the Notes.
Listing
The Notes expected to be listed on Nasdaq Global Market under symbol 'MLCIL'.
Use of Proceeds
Net proceeds to be used for debt repayment and general corporate purposes.
Underwriters
Joint bookrunners: Lucid Capital Markets, LLC, Piper Sandler & Co., BC Partners Securities LLC.
- Mount Logan aims to use the offering's proceeds for debt repayment and corporate purposes, potentially improving its financial position.
- The Notes' expected listing on the Nasdaq Global Market can enhance visibility and access to capital markets for the Company.
The senior Notes offering presents an opportunity for Mount Logan Capital Inc. to strengthen its financial position and expand its market presence through the Nasdaq listing.