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Mount Logan Capital Inc. Prices $40.0 Million Senior Notes Offering
Globenewswire· 2026-01-16 12:00
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]. 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 multiples thereof, with interest payments starting on April 30, 2026 [1]. - The offering is expected to close on January 26, 2026, subject to customary conditions [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]. Underwriters - The offering is being managed by Lucid Capital Markets, LLC, Piper Sandler & Co., and BC Partners Securities LLC as joint bookrunners, with Canaccord Genuity LLC, William Blair & Company, L.L.C., and Wedbush Securities Inc. as co-managers [4]. 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
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]
PGIM's Peters on Fed Independence and Rate Cut Decisions
Bloomberg Television· 2025-12-04 15:35
Well, let's get some more perspective on the fixed income markets now. And joining us from Hong Kong is Greg Peters, CIO for Public and Private Fixed income at PGIM. Greg, thanks so much for joining us today.And I do want to kick off with that data that we saw out of the US. The ADP November payrolls slipping pretty much seems to be the consensus that that's nailed on a Fed rate cut for next week. But what kind of commentary do you expect to hear now around further easing.Yeah, So I do think, you know, we w ...