debt
confidence high
sentiment neutral
materiality 0.40
Mount Logan Capital assumes guaranty under subsidiary's credit facility with $40M net worth covenant
Mount Logan Capital Inc.
- Entered Third Amended and Restated Guaranty on April 7, 2026, for MLC US Holdings LLC's Credit Agreement.
- Guaranty includes covenant to maintain Net Worth of at least $40 million and restricts new debt to Permitted Debt.
- Permitted Debt includes up to $4M revolving facility and $40M 8.00% Senior Notes due 2031 issued January 2026.
- Replaces prior guaranty by Mount Logan Capital Intermediate LLC after 2025 mergers and redomestication.