Mount Logan Capital Inc. announced the commencement of 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 acting as joint bookrunners for the offering.
Offering Details
Notes issued in denominations of $25, expected to pay interest quarterly.
Rating
Expected 'BBB-' rating by Egan-Jones Ratings Company.
Listing
Expected to be listed on Nasdaq Global Market as 'MLCIL'.
Use of Proceeds
Net proceeds intended for debt repayment and general corporate purposes.
- The offering may provide Mount Logan with funds for debt reduction and operational needs.
- The 'BBB-' rating indicates a moderate level of credit risk for the Notes.
Investors are advised to review the preliminary prospectus before investing. Mount Logan's focus on fee-based revenue and value creation sets a strategic foundation for the offering.