Mount Logan Capital Inc. (Nasdaq: MLCI) announced the commencement of a registered underwritten public offering of senior unsecured notes.
The Notes will be issued in denominations of $25 with expected quarterly interest payments.
Lucid Capital Markets, LLC, Piper Sandler & Co., and BC Partners Securities LLC are acting as joint bookrunners for the offering.
Offer Details
Senior unsecured notes to be issued in denominations of $25 with expected quarterly interest payments.
Rating
The Notes are expected to be rated 'BBB-' by Egan-Jones Ratings Company.
Trading Symbol
Expected to be listed on the Nasdaq Global Market under the trading symbol 'MLCIL'.
Use of Proceeds
Net proceeds from the offering will be used for the repayment of outstanding indebtedness and general corporate purposes.
Underwriters
Lucid Capital Markets, LLC, Piper Sandler & Co., and BC Partners Securities LLC are the joint bookrunners for the offering.
- The offering provides Mount Logan Capital Inc. with the opportunity to strengthen its financial position and support its business objectives.
- The ability to pay interest quarterly may attract investors seeking regular income streams.
Mount Logan Capital Inc.'s offering of senior notes signifies a strategic move to enhance financial flexibility and pursue growth opportunities in its market segments.