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 offering includes joint bookrunners Lucid Capital Markets, LLC, Piper Sandler & Co., and BC Partners Securities LLC, along with co-managers Canaccord Genuity LLC, William Blair & Company, L.L.C., and Wedbush Securities Inc.
Offering Details
The Notes will be listed on the Nasdaq Global Market under the trading symbol \
Use of Proceeds
Mount Logan expects to use the net proceeds for repayment of outstanding indebtedness under its credit facility and general corporate purposes.
Rating and Listing
The Notes are expected to be rated 'BBB-' by Egan-Jones Ratings Company and listed on Nasdaq under the symbol \
- The offering provides Mount Logan Capital with additional capital for debt repayment and corporate operations.
- The expected listing on Nasdaq underlines Mount Logan's commitment to transparency and access to public markets.
Mount Logan Capital's offering of senior notes marks a strategic move to strengthen its financial position and support future growth initiatives.