Mount Logan Capital Inc. has announced a public offering of senior unsecured notes.
The offering includes the issuance of $25 denominations and integral multiples of $25.
Notes are expected to pay interest quarterly, with terms to be determined by negotiations with underwriters.
Offering Details
The Notes are 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 repayment of outstanding debts and general corporate purposes.
Rating and Listing
The Notes are expected to be rated 'BBB-' by Egan-Jones Ratings Company and trade on Nasdaq within 30 days.
- Mount Logan Capital Inc. aims to raise funds through this offering to enhance its financial position.
- The successful completion of this offering could strengthen the Company's ability to manage its existing debt.
Investors are advised to carefully consider the information provided in the preliminary prospectus before engaging in the offering. Mount Logan Capital's strategic move to raise funds through the issuance of senior notes reflects a proactive approach to financial management.