Mount Logan Capital Inc. Commences Self Tender Offer to Purchase up to an Aggregate $15 Million of its Common Stock
Globenewswire·2025-12-29 14:00

Core Viewpoint - Mount Logan Capital Inc. is initiating a tender offer to purchase up to $15 million of its common stock at a price of $9.43 per share, representing a premium over the recent trading price and a discount to its book equity value [1][2]. Tender Offer Details - The tender offer will seek to buy approximately 1,590,600 shares, which is about 12% of the company's outstanding shares [1]. - The closing price of the company's common stock on December 26, 2025, was $8.26 per share, indicating the offer price is a substantial premium [1]. - The offer price reflects an 8% discount to the book equity value of $10.26 per share as of September 30, 2025 [1]. - The tender offer is not contingent upon a minimum number of shares being tendered but is subject to other terms and conditions outlined in the Offer to Purchase [2]. Offer Timeline and Conditions - The tender offer will expire at 5:00 p.m. New York City time on February 2, 2026, unless extended or terminated [3]. - Shareholders can withdraw their tenders at any time before the expiration [3]. - The company plans to fund the share purchases from its existing cash and cash equivalents, with no financing condition attached to the offer [4]. Future Transactions - After the expiration of the tender offer, the company may evaluate additional transactions in its securities, which could include open market stock repurchases and privately negotiated transactions [5]. Management and Advisory Roles - Ladenburg Thalmann & Co. Inc. will act as the Dealer Manager, while Alliance Advisors, LLC will serve as the Information Agent for the tender offer [6].