Mount Logan Capital Prices $40 Million Unsecured Notes Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
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Source: Newsfilter
- Offering Size: Mount Logan Capital has priced its offering of $40 million in 8.00% senior unsecured notes, expected to close on January 26, 2026, marking the company's entry into the U.S. public fixed income market and enhancing its financing capabilities.
- Interest Rate and Redemption Options: The notes carry an annual interest rate of 8.00%, with quarterly interest payments starting on April 30, 2026, and may be redeemed after January 31, 2028, providing flexible financial management options for the company.
- Underwriter Support: The offering is led by Lucid Capital Markets, Piper Sandler, and BC Partners Securities, reflecting strong market demand for the notes and further enhancing the company's market credibility.
- Use of Proceeds: Mount Logan intends to use the net proceeds from the offering to repay outstanding indebtedness under its credit facility, with any remaining funds allocated for general corporate purposes, aimed at optimizing its capital structure and supporting future growth strategies.
Analyst Views on MLCI
About MLCI
Mount Logan Capital Inc. is a diversified alternative asset management and insurance solutions platform. The Company raises, invests and manages funds, accounts and other vehicles with an emphasis on private credit and private market solutions. The Company provides investment advisory and management services to multiple diversified investment vehicles. These vehicles are primarily focused on middle-market North American and European direct and indirect private loan origination across the capital structure, as well as corporate credit, specialty finance, and other mandates across managed accounts and collateralized loan obligations (CLOs). Through its SEC-registered investment advisers (RIAs), the Company seeks to provide a full credit cycle investment offering. The Company reinsures annuity products, consisting of multi-year guaranteed annuities (MYGA). The Company's subsidiaries include 180 Degree Capital Corp. and Mount Logan Capital Intermediate LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
