Mount Logan Capital Inc. (Nasdaq: MLCI) announced a public offering of senior unsecured notes.
The Notes will be issued in denominations of $25 and are expected to pay interest quarterly.
The underwriters will determine the public offering price, interest rate, and other terms of the Notes.
Notes Offering
Mount Logan Capital Inc. announced a public offering of senior unsecured notes in denominations of $25.
Rating and Listing
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'.
Use of Proceeds
The net proceeds from the offering will be used for debt repayment and general corporate purposes.
- The offering provides Mount Logan with an opportunity to raise capital for debt repayment and corporate activities.
- The Notes offering aligns with the Company's strategy to generate durable revenue and create long-term value.
Mount Logan Capital Inc.'s announcement of the Senior Notes offering reflects the company's focus on strategic financing to support its business objectives and long-term growth.