Mount Logan Capital Inc. (Nasdaq: MLCI) is commencing a registered underwritten public offering of senior unsecured notes in denominations of $25 and integral multiples of $25.
The Notes are expected to pay interest quarterly and are likely to be rated 'BBB-' by Egan-Jones Ratings Company.
Lucid Capital Markets, LLC, Piper Sandler & Co., and BC Partners Securities LLC will serve as joint bookrunners for the offering, with Canaccord Genuity LLC, William Blair & Company, L.L.C., and Wedbush Securities Inc. as co-managers.
Offering Details
Notes to be issued in $25 denominations, expected to pay interest quarterly, and are likely to be rated 'BBB-'.
Underwriters
Lucid Capital Markets, Piper Sandler, and BC Partners as joint bookrunners; Canaccord Genuity, William Blair, and Wedbush Securities as co-managers.
Use of Proceeds
Net proceeds to be used for repayment of outstanding indebtedness under credit facility and general corporate purposes.
- Mount Logan Capital aims to strengthen its financial position by offering senior notes with a potentially favorable 'BBB-' rating.
- The offering signals the company's strategic move to raise capital for debt repayment and general corporate needs.
Mount Logan Capital Inc. is strategically leveraging the public offering of senior notes to enhance its financial structure and support its growth initiatives in the market.