Mount Logan Capital Inc. announced a registered underwritten public offering of senior unsecured notes.
The Notes will be issued in denominations of $25 and integral multiples, with an expected quarterly interest payment.
Lucid Capital Markets, LLC, Piper Sandler & Co., and BC Partners Securities LLC are the joint bookrunners for the offering.
Notes Offering
Senior unsecured notes will be issued in denominations of $25, paying interest quarterly.
Rating and Listing
Expected 'BBB-' rating by Egan-Jones Ratings Company and listing on Nasdaq Global Market as 'MLCIL'.
Use of Proceeds
Net proceeds will repay outstanding indebtedness under the credit facility and for general corporate purposes.
- Mount Logan Capital Inc. aims to generate durable revenue and value creation through alternative asset management and insurance solutions.
- The offering is expected to provide stable earnings and low risk of principal impairment through the credit cycle.
Investors should carefully consider Mount Logan's business objectives and risks before investing in the offering.