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 Notes are expected to be listed on the Nasdaq Global Market under the trading symbol "MLCIL."
The offering aims to strengthen Mount Logan's financial position and support strategic growth initiatives.
Offering Details
Mount Logan Capital Inc. is set to issue senior unsecured notes in $25 denominations, payable quarterly, and anticipated to receive a 'BBB-' rating from Egan-Jones Ratings Company.
Listing
The Notes are planned to be listed on the Nasdaq Global Market under the symbol "MLCIL" within 30 days from the original issue date.
Use of Proceeds
The net proceeds from the offering will primarily go towards repaying outstanding debt under the credit facility and supporting general corporate purposes.
Underwriters
Lucid Capital Markets, LLC, Piper Sandler & Co., and BC Partners Securities LLC are the joint bookrunners, with Canaccord Genuity LLC, William Blair & Company, L.L.C., and Wedbush Securities Inc. as co-managers for the offering.
Investor Caution
Investors are urged to thoroughly assess Mount Logan's business objectives and risks before considering investment in the senior notes.
- Mount Logan Capital Inc. strategically focuses on generating sustainable, fee-based revenue and long-term value creation through its alternative asset management and insurance solutions.
- Leveraging unique investment strategies alongside permanent insurance capital, the Company consistently delivers attractive risk-adjusted returns across market cycles with over $2.1 billion in assets under management as of September 30, 2025.
Mount Logan Capital Inc.'s offering of senior unsecured notes is a strategic move to fortify its financial standing and bolster growth prospects in the market, aligning with its commitment to value creation and long-term sustainability.