Mount Logan Capital Inc. (Nasdaq: MLCI) is commencing a registered underwritten public offering of senior unsecured notes in denominations of $25.
The Notes are expected to pay interest quarterly and are to be listed on the Nasdaq Global Market under the trading symbol 'MLCIL'.
Lucid Capital Markets, LLC, Piper Sandler & Co., and BC Partners Securities LLC are the joint bookrunners for the offering.
Offering Details
Senior unsecured notes to be issued in denominations of $25 with expected quarterly interest payments.
Rating
Expected 'BBB-' rating by Egan-Jones Ratings Company for the Notes.
Listing
Notes to be listed on the Nasdaq Global Market under the trading symbol 'MLCIL'.
Bookrunners
Lucid Capital Markets, Piper Sandler & BC Partners are the joint bookrunners for the offering.
Use of Proceeds
Net proceeds from the offering intended for repayment of outstanding debt and general corporate purposes.
- Mount Logan Capital Inc. is leveraging the offering to raise capital for repayment of debts and for future corporate needs.
- With a planned listing on the Nasdaq Global Market, the offering provides visibility and access to a wider pool of investors.
- The 'BBB-' rating by Egan-Jones Ratings Company enhances the credibility and attractiveness of the Notes to potential investors.
The public offering of senior unsecured notes by Mount Logan Capital Inc. marks a strategic move to raise capital for growth and debt repayment, showcasing the company's commitment to financial strength and transparency.