Mount Logan Capital Inc. 8-K

What Happened
Mount Logan Capital Inc. announced (via Form 8-K filed Jan 26, 2026) that it issued $40.0 million aggregate principal amount of 8.00% senior unsecured notes due January 31, 2031. The offering closed on January 26, 2026 under the company’s Form S-1 registration (No. 333-292668) and a final prospectus dated January 15, 2026. U.S. Bank Trust Company, N.A. is the trustee.

Key Details

• Principal amount: $40.0 million of 8.00% notes due January 31, 2031.
• Interest: 8.00% per year, paid quarterly in arrears on Jan 30, Apr 30, Jul 30 and Oct 30, starting April 30, 2026.
• Redemption: Company may redeem all or part on or after January 31, 2028 with 10–60 days’ notice at 100% of principal plus accrued interest.
• Ranking: Direct senior unsecured obligations — pari passu with other unsecured, unsubordinated debt; senior to any future preferred stock; effectively subordinated to secured debt and structurally subordinated to obligations of subsidiaries.
• Listing: Notes expected to be listed on the Nasdaq Global Market under the ticker “MLCIL” within 30 days of Jan 26, 2026.
• Use of proceeds: Repayment of outstanding amounts under the company’s credit facility and any remainder for general corporate purposes.

Why It Matters
This transaction creates a new material debt obligation for Mount Logan Capital and changes the company’s capital structure by adding $40M of senior unsecured debt with a fixed 8.00% coupon. Investors should note the repayment priority (senior unsecured, but behind secured creditors and subsidiary creditors) and the planned use of proceeds to pay down the credit facility. The Nasdaq listing will provide liquidity and a ticker (MLCIL) for trading these notes once listed.