Mount Logan Capital Inc. (Nasdaq: MLCI) announced a public offering of senior unsecured notes.
The offering is registered and underwritten, with the Notes expected to be issued in denominations of $25.
The Company plans to use the net proceeds for debt repayment and general corporate purposes.
Offering Details
The Notes will pay interest quarterly and are expected to be rated 'BBB-' by Egan-Jones Ratings Company.
Underwriters
Lucid Capital Markets, Piper Sandler & Co., and BC Partners Securities are acting as joint bookrunners.
Listing Information
The Notes are expected to trade on the Nasdaq Global Market under the symbol 'MLCIL' within 30 days.
- Mount Logan aims to use the proceeds strategically for debt reduction and operational flexibility.
- The offering is expected to enhance the Company's financial position and support its long-term objectives.
The announcement of the senior notes offering reflects Mount Logan's proactive approach to capital management and growth strategies in the market.