Mount Logan Capital Inc. (Nasdaq: MLCI) has disclosed the commencement of a public offering of senior unsecured notes in denominations of $25 and integral multiples.
The offering price, interest rate, and terms will be determined through negotiations with underwriters.
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 denominations of $25 with expected 'BBB-' rating.
Underwriters
Lucid Capital Markets, LLC, Piper Sandler & Co., BC Partners Securities LLC as joint bookrunners.
Company's Use of Proceeds
Net proceeds intended for repayment of outstanding debt under credit facility and general corporate purposes.
- Mount Logan Capital Inc. aims to strategically use the offering proceeds for debt repayment, enhancing financial stability and supporting growth opportunities.
- The senior notes offering provides investors with a chance to participate in Mount Logan's expansion and strengthen their investment portfolio.
Investors should carefully examine the preliminary prospectus, considering the company's strategic objectives and associated risks, before making investment decisions.