Mount Logan Capital Inc. 8-K

What Happened
Mount Logan Capital Inc. announced on January 15, 2026 that it entered into an Underwriting Agreement with Lucid Capital Markets, LLC (representing the underwriters) for a $40,000,000 offering of 8.00% notes due 2031. The offering was priced and the company issued a press release on January 16, 2026; closing is expected on January 26, 2026, subject to customary conditions. The company also granted the underwriters a 30‑day option to purchase up to an additional $6,000,000 of the notes. The offering was registered on a Form S-1 declared effective January 15, 2026.

Key Details

• Amount: $40,000,000 aggregate principal amount of 8.00% notes due 2031.
• Overallotment: Underwriters may buy up to an additional $6,000,000 within 30 days.
• Timeline & listing: Expected closing January 26, 2026; notes expected to list on the Nasdaq Global Market (symbol: MLCIL) within 30 days of closing.
• Use of proceeds: Primarily to repay outstanding indebtedness under the company’s credit facility; any remainder for general corporate purposes.

Why It Matters
This transaction raises long‑term debt and will replace at least some existing bank debt with publicly issued notes. Investors should note the fixed 8.00% interest rate and the maturity in 2031, which will affect Mount Logan’s interest expense and capital structure through that date. Listing the notes on Nasdaq may improve secondary-market liquidity for the securities. The underwriting agreement includes customary representations and indemnities and was filed as an exhibit to the 8-K.