debt
confidence high
sentiment neutral
materiality 0.60
Mount Logan Capital prices $40M 8.00% senior notes due 2031; overallotment option $6M
Mount Logan Capital Inc.
- $40M aggregate principal of 8.00% senior unsecured notes due January 31, 2031 priced.
- Underwriters have 30-day option to purchase an additional $6M in notes for overallotments.
- Notes rated 'BBB-' by Egan-Jones; expected to trade on Nasdaq as 'MLCIL'.
- Net proceeds to repay credit facility debt and for general corporate purposes.
- Offering expected to close Jan 26, 2026; first quarterly interest payment Apr 30, 2026.