Mount Logan Capital announces offering of senior notes

Mount Logan Capital (MLCI) announced the commencement of a registered underwritten public offering of senior unsecured notes. The Notes will be issued in denominations of $25 and integral multiples of $25 in excess thereof and are expected to pay interest quarterly. The public offering price, interest rate and other terms of the Notes will be determined by negotiations between the Company and the underwriters. In addition, the Company plans to grant the underwriters a 30-day option to purchase additional Notes on the same terms and conditions to cover overallotments, if any. The Notes are expected to be rated ‘BBB-‘ by Egan-Jones Ratings Company, an independent, unaffiliated rating agency. The Notes are expected to be listed on the Nasdaq Global Market under the trading symbol “MLCIL” and to trade thereon within 30 days from the original issue date. Lucid Capital Markets, Piper Sandler & Co. and BC Partners Securities are acting as joint bookrunners for the offering. Canaccord Genuity, William Blair & Company and Wedbush Securities Inc. are acting as co-managers for the offering.