Mount Logan Capital Inc. (Nasdaq: MLCI) 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 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
The Notes will be issued in denominations of $25, paying interest quarterly, with expected ratings and listing details provided.
Underwriters and Bookrunners
Lucid Capital Markets, Piper Sandler & Co., and BC Partners Securities are serving as joint bookrunners, with additional co-managers for the offering.
Use of Proceeds
Net proceeds from the offering will be used for debt repayment and general corporate purposes, as outlined by Mount Logan Capital Inc.
- Mount Logan aims to raise capital through the public offering to support its debt obligations and future growth initiatives.
- The offering provides investors an opportunity to participate in Mount Logan's strategic financial protection and long-term value creation initiatives.
Mount Logan Capital Inc.'s announcement of the offering of senior notes highlights its strategy to strengthen its financial position and drive long-term value creation by leveraging differentiated investment strategies alongside permanent insurance capital.