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.
Lucid Capital Markets, LLC, Piper Sandler & Co., and BC Partners Securities LLC are involved in the offering.
Offering Details
Senior unsecured notes will be issued in denominations of $25 with quarterly interest payments.
Rating
The Notes are expected to be rated 'BBB-' by Egan-Jones Ratings Company.
Trading Symbol
The Notes are expected to be listed on the Nasdaq Global Market under the trading symbol 'MLCIL'.
Use of Proceeds
Net proceeds will be used for repayment of outstanding indebtedness and general corporate purposes.
- Mount Logan aims to generate fee-based revenue and long-term value creation through diversified investment strategies.
- The Company focuses on delivering attractive, risk-adjusted returns across market cycles.
Mount Logan Capital Inc.'s senior notes offering signifies a strategic move towards strengthening its financial position and pursuing growth opportunities in the market.