Core Viewpoint - Mount Logan Capital Inc. has successfully priced a public offering of $40 million in senior unsecured notes with an interest rate of 8.00%, marking its entry into the U.S. public fixed income markets [1][3] Group 1: Offering Details - The offering consists of 8.00% senior unsecured notes due January 31, 2031, with a redemption option starting January 31, 2028 [1] - The notes will be issued in denominations of $25 and will bear interest payable quarterly, with the first payment on April 30, 2026 [1] - The offering is expected to close on January 26, 2026, and the notes will be listed on NASDAQ under the symbol "MLCIL" [2] Group 2: Use of Proceeds - The net proceeds from the offering will be used to repay outstanding indebtedness under the company's credit facility, with any remaining funds allocated for general corporate purposes [3] Group 3: Company Background - Mount Logan Capital Inc. is an integrated alternative asset management and insurance solutions firm focused on generating durable, fee-based revenue and long-term value creation [8] - As of September 30, 2025, the company managed over $2.1 billion in assets [9]
Mount Logan Capital Inc. Prices $40.0 Million Senior Notes Offering
Globenewswire·2026-01-16 12:00