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 are expected to pay interest quarterly.
The Notes are expected to be rated 'BBB-' by Egan-Jones Ratings Company and listed on the Nasdaq Global Market under the trading symbol 'MLCIL'.
Offering Details
Senior unsecured notes to be issued in $25 denominations with quarterly interest payments.
Underwriters
Lucid Capital Markets, LLC, Piper Sandler & Co., and BC Partners Securities LLC serve as joint bookrunners.
Expected Listing
The Notes are expected to be listed on Nasdaq under the trading symbol 'MLCIL'.
Use of Proceeds
Proceeds will be used for debt repayment and general corporate purposes.
- The Notes are likely to attract investors seeking stable returns with the 'BBB-' rating.
- Mount Logan's strategic use of proceeds aims to strengthen its financial position and operations.
Mount Logan Capital Inc.'s offering of Senior Notes presents a strategic opportunity for investors to participate in the Company's growth and debt management.