Mount Logan Capital Inc. 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 offering is being made in partnerships with Lucid Capital Markets, Piper Sandler & Co., and BC Partners Securities.
Notes Issuance
Senior unsecured notes will be issued in denominations of $25 and are expected to pay interest quarterly.
Underwriters
Lucid Capital Markets, Piper Sandler & Co., and BC Partners Securities are acting as joint bookrunners for the offering.
Listing
The Notes are expected to be listed on the Nasdaq Global Market under the trading symbol 'MLCIL'.
Use of Proceeds
Net proceeds will be used for the repayment of outstanding indebtedness and general corporate purposes.
Investor Advisory
Investors are advised to carefully review the Company's business objectives and risks before investing.
- Mount Logan Capital expects to utilize the net proceeds from the offering to manage its debt obligations effectively.
- The offering is part of the Company's strategic planning to strengthen its financial position and support its long-term growth initiatives.
Mount Logan Capital Inc.'s offering of senior notes marks a significant step in its financial strategy to enhance its operations and drive value for its stakeholders.