Mount Logan Capital Inc. announced a registered underwritten public offering of senior unsecured notes.
The Notes will be issued in denominations of $25 and integral multiples of $25.
The anticipated use of the net proceeds is for the repayment of outstanding indebtedness and general corporate purposes.
Offering Details
Senior unsecured notes to be issued in denominations of $25, expected to pay interest quarterly.
Rating and Listing
Notes expected to be rated 'BBB-' by Egan-Jones Ratings Company and listed on the Nasdaq Global Market under the trading symbol 'MLCIL'.
Underwriters
Joint bookrunners: Lucid Capital Markets, LLC, Piper Sandler & Co., and BC Partners Securities LLC; Co-managers: Canaccord Genuity LLC, William Blair & Company, L.L.C., and Wedbush Securities Inc.
- The offering is aimed at raising capital for repayment of debts and furthering corporate objectives.
- Listing on the Nasdaq Global Market will enhance visibility and access to a broader investor base.
Mount Logan Capital Inc.'s offering of senior unsecured notes signifies a strategic move towards strengthening its financial standing and expanding its market presence.