Mount Logan Capital Inc. (Nasdaq: MLCI) is commencing 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.
Lucid Capital Markets, LLC, Piper Sandler & Co., and BC Partners Securities LLC are the joint bookrunners for the offering.
Offering Details
Senior unsecured notes in denominations of $25, interest paid quarterly, and expected 'BBB-' rating by Egan-Jones Ratings Company.
Underwriters
Lucid Capital Markets, LLC, Piper Sandler & Co., and BC Partners Securities LLC are joint bookrunners, with additional co-managers Canaccord Genuity LLC, William Blair & Company, L.L.C., and Wedbush Securities Inc.
Use of Proceeds
Net proceeds from the offering intended for repayment of outstanding debts under credit facility and general corporate purposes.
- Mount Logan Capital Inc. aims to enhance its financial position through the issuance of senior unsecured notes.
- The Notes are expected to be listed on the Nasdaq Global Market under the trading symbol 'MLCIL' within 30 days from the original issue date.
Investors should carefully consider Mount Logan's business objectives and risks prior to investing in the offering. The Company's focus on generating durable revenue and long-term value creation underpins its strategic approach to capital management.