Mount Logan Capital Inc. (Nasdaq: MLCI) announced a public offering of senior unsecured notes.
The Notes will be issued in denominations of $25 with an expected quarterly interest payment.
The offering includes joint bookrunners Lucid Capital Markets, LLC, Piper Sandler & Co., and BC Partners Securities LLC.
Offering Details
The Notes will pay interest quarterly and are expected to be listed on the Nasdaq Global Market under the trading symbol 'MLCIL'.
Rating
The Notes are expected to be rated 'BBB-' by Egan-Jones Ratings Company.
Use of Proceeds
Proceeds from the offering will be used to repay outstanding indebtedness under the credit facility and for general corporate purposes.
- Mount Logan expects to increase its capital with the offering of senior notes.
- The offering will provide the Company with funds for debt repayment and strategic investments.
The public offering of senior notes presents an opportunity for Mount Logan Capital Inc. to strengthen its financial position and support its growth strategies.