Mount Logan Capital Inc. 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 price, interest rate, and other terms of the Notes will be determined through negotiations.
Offering Details
The senior unsecured notes will be issued in denominations of $25 and are expected to pay interest quarterly, providing investors with a regular income stream.
Underwriters
Lucid Capital Markets, LLC, Piper Sandler & Co., and BC Partners Securities LLC will serve as joint bookrunners for the offering, indicating strong underwriting support for Mount Logan Capital's debt issuance.
Use of Proceeds
The net proceeds from the offering will be used to repay outstanding indebtedness under their credit facility, reducing interest expenses, and for general corporate purposes, potentially fueling future growth initiatives.
Listing Information
The senior notes are anticipated to be listed on the Nasdaq Global Market under the symbol 'MLCIL' within 30 days from the original issue date, enhancing liquidity and visibility for investors.
Rating
Egan-Jones Ratings Company is expected to assign a 'BBB-' rating to the senior notes, reflecting a moderate credit risk and potentially attracting a broader investor base seeking investment-grade securities.
- Mount Logan Capital Inc. operates as an integrated asset management and insurance solutions firm, focusing on generating durable revenue and creating long-term value for its stakeholders.
- With a strategic focus on investments spanning private and public credit markets in North America, the company aims to capitalize on opportunities for portfolio diversification and risk management.
- As of September 30, 2025, Mount Logan Capital had over $2.1 billion in assets under management, showcasing its significant presence in the financial markets and its ability to attract and retain investor capital.
By issuing senior unsecured notes, Mount Logan Capital Inc. intends to fortify its financial position, optimize its capital structure, and advance its strategic business objectives, leveraging the proceeds to drive growth and enhance shareholder value.