Mount Logan Capital Inc. Announces Offering of Senior Notes
Mount Logan Capital (Nasdaq: MLCI) commenced a registered underwritten public offering of senior unsecured notes expected to pay interest quarterly and issued in $25 denominations.
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Rhea-AI Summary
Mount Logan Capital (Nasdaq: MLCI) commenced a registered underwritten public offering of senior unsecured notes expected to pay interest quarterly and issued in $25 denominations. The public offering price, interest rate and final terms will be set with underwriters; a 30-day overallotment option may be granted.
The Notes are expected to be rated BBB- by Egan-Jones, listed on the Nasdaq Global Market as MLCIL and to begin trading within 30 days of original issue. Net proceeds are expected to repay outstanding credit facility indebtedness, with any remainder for general corporate purposes. A registration statement has been filed but is not yet effective; a preliminary prospectus dated January 12, 2026 is available.
Details
News Market Reaction – MLCI
On Jan 14, the day this news came out, MLCI closed 1.56% above the previous close.
Data tracked by StockTitan Argus for the Jan 14 session.
Key Figures
- Note denomination
- $25
- Face value per senior unsecured note
- Trading symbol
- MLCIL
- Expected Nasdaq Global Market symbol for the Notes
- Overallotment option period
- 30 days
- Underwriters’ option to purchase additional Notes
- Prospectus date
- January 12, 2026
- Date of preliminary prospectus filed with SEC
- Listing window
- within 30 days
- Expected time for Notes to begin trading on Nasdaq
- Expected rating
- BBB-
- Egan-Jones Ratings Company expectation for the Notes
- Contact phone
- 646-362-0256
- Lucid Capital Markets toll-free prospectus line
Historical Context
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Commenced self-tender to repurchase up to $15M of common stock.
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Initiated steps for $15M tender offer at premium to market price.
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Announced participation in Northland Capital Markets Growth Conference.
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Reported Q3 loss of $11.1M and EPS of ($1.64) post-merger.
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Set dates for Q3 2025 earnings release and conference call.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
senior unsecured notes financial
overallotments financial
preliminary prospectus regulatory
registration statement regulatory
Nationally Recognized Statistical Rating Organization ("NRSRO") regulatory
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NEW YORK, Jan. 14, 2026 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (Nasdaq: MLCI) (“Mount Logan”, “MLCI”, or the “Company”) today announced the commencement of a registered underwritten public offering of senior unsecured notes (the “Notes”). The Notes will be issued in denominations of
The Notes are expected to be listed on the Nasdaq Global Market under the trading symbol “MLCIL” and to trade thereon within 30 days from the original issue date.
Mount Logan expects to use the net proceeds from the offering for the repayment of outstanding indebtedness under its credit facility and any remainder for general corporate purposes.
Lucid Capital Markets, LLC, Piper Sandler & Co. and BC Partners Securities LLC are acting as joint bookrunners for the offering. Canaccord Genuity LLC, William Blair & Company, L.L.C. and Wedbush Securities Inc. are acting as co-managers for the offering.
Investors should consider the Company’s business objectives and risks carefully before investing. The preliminary prospectus dated January 12, 2026, which has been filed with the Securities and Exchange Commission (“SEC”), contains this and other information about the Company and should be read carefully before investing. The information in the preliminary prospectus and this press release is not complete and may be changed. The preliminary prospectus and this press release are not offers to sell these securities and are not soliciting an offer to buy these securities in any state where such offer or sale is not permitted.
A registration statement relating to these securities has been filed with the SEC but has not yet been declared effective. The Notes may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. The offering may be made only by means of a prospectus. Copies of the preliminary prospectus may be obtained by writing Lucid Capital Markets, LLC at 570 Lexington Ave., 40th Floor, New York, NY 10022, by calling toll-free at 646-362-0256 or by sending an e-mail to: prospectus@lucidcm.com; copies may also be obtained for free by visiting EDGAR on the SEC’s website at http://www.sec.gov.
Egan-Jones Ratings Company is a Nationally Recognized Statistical Rating Organization ("NRSRO"). A security rating is not a recommendation to buy, sell or hold securities, and any such rating may be subject to revision or withdrawal at any time by the applicable rating agency.
About Mount Logan Capital Inc.
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. The Company leverages differentiated investment strategies alongside permanent insurance capital to deliver attractive, risk-adjusted returns across market cycles.
Through its subsidiaries, Mount Logan Management LLC and Ability Insurance Company, Mount Logan manages and invests across private and public credit markets in North America and the reinsurance of annuity products. This integrated platform is designed to provide stable earnings, downside protection, and a low risk of principal impairment through the credit cycle.
As of September 30, 2025, Mount Logan Capital had over
Cautionary Statement Regarding Forward-Looking Statements
This press release, and oral statements made from time to time by representatives of Mount Logan, may contain statements of a forward-looking nature relating to future events within the meaning of applicable U.S. and Canadian securities laws. Forward-looking statements may be identified by words such as “anticipates,” “believes,” “could,” “continue,” “estimate,” “expects,” “intends,” “will,” “should,” “may,” “plan,” “predict,” “project,” “would,” “forecasts,” “seeks,” “future,” “proposes,” “target,” “goal,” “objective,” “outlook” and variations of these words or similar expressions (or the negative versions of such words or expressions). Forward-looking statements are not statements of historical fact and reflect Mount Logan’s current views about future events. Such forward-looking statements include, without limitation, statements about the timing or terms of the public offering and the anticipated use of proceeds therefrom, the benefits or consummation of Mount Logan’s announced tender offer on the terms announced or at all, future financial and operating results, Mount Logan’s plans, objectives, expectations and intentions, and other statements that are not historical facts, including but not limited to future results of operations, projected cash flow and liquidity, business strategy, shareholder liquidity and the payment of dividends to shareholders of Mount Logan, and other plans and objectives for future operations. No assurances can be given that the forward-looking statements contained in this press release will occur as projected, and actual results may differ materially from those projected. Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks and uncertainties, both known and unknown, that could cause actual results to differ materially from those projected. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made. Readers should carefully review the statements set forth in the reports which Mount Logan has filed or will file from time to time with the SEC or on SEDAR+, and any risk factors contained in such reports, which may cause results to differ.
Mount Logan does not undertake any obligation, and expressly disclaims any obligation, to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Any discussion of past performance is not an indication of future results. Investing in financial markets involves a substantial degree of risk. Investors must be able to withstand a total loss of their investment. The information herein is believed to be reliable and has been obtained from sources believed to be reliable, but no representation or warranty is made, expressed or implied, with respect to the fairness, correctness, accuracy, reasonableness or completeness of the information and opinions. The information contained on the website of Mount Logan is not incorporated by reference into this press release. Mount Logan is not responsible for the contents of third-party websites.
Contacts
Mount Logan Capital Inc.
650 Madison Ave, Floor 3
New York City, NY 10022
mlc.ir@mountlogan.com
Andrew Berger
SM Berger & Company
andrew@smberger.com
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