NEW YORK, Jan. 16, 2026 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NASDAQ:MLCI) ("Mount Logan", "MLCI", or the "Company") today announced that it has priced its previously announced underwritten public offering of $40.0 million in aggregate principal amount of 8.00% senior unsecured notes due 2031 (the "Notes"). The Notes will mature on January 31, 2031, and may be redeemed in whole or in part at any time or from time to time at the Company's option on or after January 31, 2028. The Notes will be issued in denominations of $25 and integral multiples of $25 in excess thereof and will bear interest at a rate of 8.00% per year, payable quarterly, with the first interest payment occurring on April 30, 2026. The Company has granted the underwriters a 30-day option to purchase up to an additional $6.0 million aggregate principal amount of Notes to cover overallotments, if any. The Notes are rated ‘BBB-' by Egan-Jones Ratings Company, an independent, unaffiliated rating agency.

The offering is expected to close on January 26, 2026, subject to customary closing conditions. The Company intends to list the Notes on the NASDAQ Global Market within 30 days of the original issue date under the trading symbol "MLCIL".

Ted Goldthorpe, Chief Executive Officer and Chairman of Mount Logan, said, "We are pleased with the successful pricing of this offering, marking our entry into the U.S. public fixed income markets. We appreciate the strong support from both institutional and retail investors, helping us achieve this important milestone for our business following the recent closing of our Business Combination with 180 Degree Capital."

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 acted as joint bookrunners for the offering. Canaccord Genuity LLC, William Blair & Company, L.L.C. and Wedbush Securities Inc. acted as co-managers for the offering.

Investors should consider the Company's business objectives and risks carefully before investing. The preliminary prospectus dated ...