Mount Logan Capital Inc. 8.00% Series A Preferred Stock due 1/31/2031
Price History
Mount Logan Capital Inc. 8.00% Series A Preferred Stock due 1/31/2031 is a senior unsecured note offering issued by Mount Logan Capital Inc., an integrated alternative asset management and insurance solutions firm. This fixed-income security carries an 8.00% annual interest rate, paid quarterly in arrears on January 30, April 30, July 30, and October 30, commencing April 30, 2026, with a maturity date of January 31, 2031. Issued in denominations of $25 and multiples thereof, it totals $40.0 million in aggregate principal, with an option for underwriters to purchase an additional $6.0 million. The notes rank pari passu with existing unsecured indebtedness, senior to future preferred stock and subordinated debt, but effectively junior to secured obligations and structurally junior to subsidiary debts. Callable at the issuer's option on or after January 31, 2028, at 100% of principal plus accrued interest, it holds a 'BBB-' rating from Egan-Jones Ratings Company. Mount Logan Capital employs these proceeds primarily to repay credit facility debt and for general corporate purposes, supporting its strategies in private and public credit markets and annuity reinsurance across North America, backed by over $2.1 billion in assets under management as of September 30, 2025.
Company Overview
Mount Logan Capital Inc. 8.00% Series A Preferred Stock due 1/31/2031 is a senior unsecured note offering issued by Mount Logan Capital Inc., an integrated alternative asset management and insurance solutions firm. This fixed-income security carries an 8.00% annual interest rate, paid quarterly in arrears on January 30, April 30, July 30, and October 30, commencing April 30, 2026, with a maturity date of January 31, 2031. Issued in denominations of $25 and multiples thereof, it totals $40.0 million in aggregate principal, with an option for underwriters to purchase an additional $6.0 million. The notes rank pari passu with existing unsecured indebtedness, senior to future preferred stock and subordinated debt, but effectively junior to secured obligations and structurally junior to subsidiary debts. Callable at the issuer's option on or after January 31, 2028, at 100% of principal plus accrued interest, it holds a 'BBB-' rating from Egan-Jones Ratings Company. Mount Logan Capital employs these proceeds primarily to repay credit facility debt and for general corporate purposes, supporting its strategies in private and public credit markets and annuity reinsurance across North America, backed by over $2.1 billion in assets under management as of September 30, 2025.