Mount Logan Capital Inc. Announces Offering of Senior Notes

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.

News Market Reaction – MLCI

+1.56%

1 alert

+1.56% News Effect

On the day this news was published, MLCI gained 1.56%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Note denomination: $25 Trading symbol: MLCIL Overallotment option period: 30 days +4 more

7 metrics

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

Market Reality Check

Price: $5.22 Vol: Volume 50,273 vs 20-day a...

low vol

$5.22 Last Close

Volume Volume 50,273 vs 20-day average 147,915 indicates sub-normal trading activity pre-announcement. low

Technical Shares at $8.33 are trading above the 200-day MA of $7.85 and about 4.8% below the 52-week high of $8.745.

Peers on Argus

No peers were flagged in the momentum scanner, and sector-level movers were abse...

No peers were flagged in the momentum scanner, and sector-level movers were absent, indicating the senior notes announcement is being evaluated as a stock-specific event rather than part of a broader Investment Advice sector rotation.

Historical Context

5 past events · Latest: Dec 29 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 29	Tender offer launch	Positive	-0.5%	Commenced self-tender to repurchase up to $15M of common stock.
Dec 11	Tender offer prep	Positive	+8.3%	Initiated steps for $15M tender offer at premium to market price.
Dec 02	Conference participation	Neutral	+1.6%	Announced participation in Northland Capital Markets Growth Conference.
Nov 13	Q3 2025 earnings	Negative	-2.2%	Reported Q3 loss of $11.1M and EPS of ($1.64) post-merger.
Nov 12	Earnings scheduling	Neutral	+1.8%	Set dates for Q3 2025 earnings release and conference call.

Pattern Detected

Recent news often saw price moves broadly aligned with sentiment, with one divergence where a sizable tender offer announcement was followed by a small negative move.

Recent Company History

Over the last few months, Mount Logan has focused on capital structure and investor relations. It announced plans for a $15M tender offer at $9.43 per share and later commenced that offer, with mixed short-term price reactions. The company also maintained active outreach via a December 2025 investor conference. Earlier, third-quarter 2025 earnings showed a consolidated pre-tax loss of $11.1M and EPS of ($1.64), following its business combination and Nasdaq listing. Today’s senior notes offering fits into this ongoing balance-sheet and capital-raising evolution.

Market Pulse Summary

This announcement details Mount Logan’s plan to issue senior unsecured notes in $25 denominations, w...

Analysis

This announcement details Mount Logan’s plan to issue senior unsecured notes in $25 denominations, with an expected BBB- rating and Nasdaq listing under “MLCIL.” Net proceeds are earmarked primarily for repayment of credit facility indebtedness and general corporate purposes. In context of recent tender offer activity and prior quarterly losses, investors may focus on final pricing, covenant terms, and how the new notes affect interest costs and overall leverage once the registration statement becomes effective.

Key Terms

senior unsecured notes, overallotments, preliminary prospectus, registration statement, +1 more

5 terms

senior unsecured notes financial

"offering of senior unsecured notes (the “Notes”). The Notes will be issued"

Senior unsecured notes are a type of loan a company borrows from investors, promising to pay back with interest. They are called "unsecured" because they aren’t backed by specific assets like buildings or equipment, but "senior" because they are paid back before other debts if the company gets into trouble. Investors see them as a relatively safer way for companies to raise money.

overallotments financial

"option to purchase additional Notes on the same terms and conditions to cover overallotments, if any."

An overallotment, often called a "greenshoe" option, is a short-term right given to underwriters of a new stock offering to sell up to about 15% more shares than planned. It matters to investors because it lets underwriters smooth the stock’s post-offering price—if demand falls they buy back extra shares to support the price, and if demand stays strong they exercise the option to supply more shares—reducing abrupt swings like a shock absorber for the market.

preliminary prospectus regulatory

"The preliminary prospectus dated January 12, 2026, which has been filed"

A preliminary prospectus is an early draft of the official document a company files when planning to sell shares to the public; it outlines the business, risks, how the offering will work and estimated terms but omits final price and some details. Investors use it to evaluate the opportunity and risks—like reading a menu draft before a restaurant opens—because it signals intent, reveals important red flags, and helps assess whether the eventual offering fits their investment goals.

registration statement regulatory

"A registration statement relating to these securities has been filed with the SEC"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

Nationally Recognized Statistical Rating Organization ("NRSRO") regulatory

"Egan-Jones Ratings Company is a Nationally Recognized Statistical Rating Organization ("NRSRO")."

A nationally recognized statistical rating organization (NRSRO) is a credit-rating firm officially acknowledged by regulators to evaluate the creditworthiness of borrowers and debt instruments, such as bonds. Think of it as a trusted grader that gives a simple rating—like a school mark—showing how likely a borrower is to repay; these ratings influence interest costs, investment eligibility, and risk rules that matter to investors and institutions.

AI-generated analysis. Not financial advice.

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 $25 and integral multiples of $25 in excess thereof and are expected to pay interest quarterly. The public offering price, interest rate and other terms of the Notes will be determined by negotiations between the Company and the underwriters. In addition, the Company plans to grant the underwriters a 30-day option to purchase additional Notes on the same terms and conditions to cover overallotments, if any. The Notes are expected to be rated ‘BBB-’ by Egan-Jones Ratings Company, an independent, unaffiliated rating agency.

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 $2.1 billion in assets under management.

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

FAQ

What senior note offering did Mount Logan Capital (MLCI) announce on January 14, 2026?

Mount Logan announced a registered underwritten public offering of senior unsecured notes with quarterly interest and $25 denomination units.

How does Mount Logan (MLCI) plan to use proceeds from the January 2026 note offering?

The company expects to use net proceeds primarily to repay outstanding indebtedness under its credit facility and any remainder for general corporate purposes.

What rating and Nasdaq ticker are expected for Mount Logan's new notes (MLCI) in January 2026?

The Notes are expected to be rated BBB- by Egan-Jones and listed on the Nasdaq Global Market under the ticker MLCIL.

Who are the bookrunners and how long is the underwriter overallotment option for MLCI's offering?

Lucid Capital Markets, Piper Sandler & Co. and BC Partners Securities are joint bookrunners; underwriters may have a 30-day option to purchase additional Notes to cover overallotments.

Is Mount Logan's January 2026 note offering effective and where can investors find the prospectus?

A registration statement has been filed but is not yet effective; the preliminary prospectus dated January 12, 2026 is available on the SEC EDGAR website or from Lucid Capital Markets.