Mount Logan Capital Inc. announced a public offering of senior unsecured notes.
The Notes will be issued in denominations of $25 and are expected to pay interest quarterly.
The offering price, interest rate, and terms will be determined through negotiations.
Offering Details
Senior unsecured notes will be issued in denominations of $25 with expected quarterly interest payments.
Rating and Listing
The Notes are expected to be rated 'BBB-' and listed on Nasdaq Global Market under the symbol 'MLCIL'.
Use of Proceeds
Proceeds will be used for repayment of outstanding debt and general corporate purposes.
- Mount Logan Capital aims to generate fee-based revenue and long-term value creation through alternative asset management and insurance solutions.
- The issuance of senior unsecured notes will provide the company with additional capital for its operations and debt repayment.
Mount Logan Capital's offering of senior unsecured notes marks a strategic move to strengthen its financial position and support its business objectives.