Mount Logan Capital Inc. (Nasdaq: MLCI) announced the commencement of a registered underwritten public offering of senior unsecured notes.
The Notes will be issued in denominations of $25 and expected to pay interest quarterly.
Lucid Capital Markets, LLC, Piper Sandler & Co. and BC Partners Securities LLC are acting as joint bookrunners for the offering.
Offering Details
The Notes to be issued in denominations of $25 with quarterly interest payments.
Rating Outlook
The Notes are expected to be rated 'BBB-' by Egan-Jones Ratings Company.
Listing Information
Expected to be listed on the Nasdaq Global Market under the trading symbol 'MLCIL'.
- Mount Logan aims to use the net proceeds from the offering to repay outstanding debt and for general corporate purposes, enhancing its financial flexibility.
- The offering provides an opportunity for investors to participate in Mount Logan's growth strategy and benefit from attractive, risk-adjusted returns across market cycles.
The commencement of the offering of senior unsecured notes by Mount Logan Capital Inc. signifies a strategic move to strengthen its financial position and fuel future growth opportunities in the market.