Mount Logan unit waives credit defaults; cancels $15M SCIM note in exchange for 29.88% BCPLC fee revenue share

Mount Logan Capital Inc.

Lenders waived specified events of default tied to termination of ACIF's management agreement and cancellation of the SCIM Promissory Note, plus Logan Ridge's 2025 merger.
SCIM assigned rights to a 29.88% revenue share of BCPA's management/incentive fees from BCPLC to MLC Sub, satisfying the $15.0M SCIM Promissory Note.
Alternative Credit Income Fund merged into BC Partners Lending Corporation on Sept 29, 2026; MLC holds a 24.99% minority stake in SCIM.
Amended and Restated Master Services Agreement (Dec 17, 2020) terminated; MLC Sub owes SCIM ~$3.4M, repaid quarterly by offsetting revenue share payments.
No early termination penalties were incurred in connection with the note cancellation or the Services Agreement termination.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.