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Mount Logan Capital Inc. Expands Line of Credit to Fund Seed Investment in Canadian Business Journal’s New Interval Fund

TORONTO, Sept. 19, 2022 (GLOBE NEWSWIRE) — Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan,” “our,” “us,” or the “Company”) fully- MLC US Holdings LLC (“MLC US Holdings”), an owned subsidiary, has, as a borrower, amended its existing Credit Agreement (“Existing Credit Agreement”) on August 20, 2021 (“First Amendment”). concluded. First Amendment, “Credit Agreement”) to increase the Term Loans available pursuant to the Credit Agreement by $4,500,000, setting a total facility size of up to US$28,562,500 (“Credit Facility”). Proceeds are primarily used for the recently launched Opportunistic Credit Interval Fund (“OCIF”), an interval fund managed by Mount Logan Management LLC (“ML Management”), a wholly owned subsidiary of Mount Logan. To help seed. OCIF pursues an all-weather credit strategy for the U.S. affluent retail channel using special circumstances and private capital-focused investment mandates.

Ted Goldthorpe, Chief Executive Officer and Chairman of Mount Logan, said: Opportunistic credit. The retail channel is a major growth area for the asset management industry and we are pleased to bring institutional quality products to the US market. Finally, we would like to thank our supportive fundraising partners for funding the growth of this new fund. ”

The unpaid principal amount and accrued but unpaid interest on the credit facility will become payable on August 20, 2027, subject to certain adjustments under the credit agreement.

Other intended uses of amounts borrowed pursuant to the First Amendment are for general corporate purposes and costs and expenses incurred in connection with the Credit Facility.

As collateral for its obligations under the credit agreement, MLC US Holdings has granted a security interest in all of MLC US Holdings’ assets in favor of the lender. In addition, the Company has guaranteed the obligations of MLC US Holdings under credit agreements favorable to the lender.

About Mount Logan Capital
Mount Logan Capital Inc., principally through its wholly owned subsidiaries Mount Logan Management LLC and Ability Insurance Company, is an alternative wealth management and insurance solution focused on reinsurance of public and private debt securities and annuity products in the North American market. Company. The firm also actively sources, evaluates, underwrites, manages and monitors loans, bonds and other credit-oriented products that offer attractive risk-adjusted returns and have a low risk of principal impairment throughout the credit cycle. and primarily invests in

Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements may be expressed using words such as “seeks,” “expects,” “believes,” “estimates,” “will,” “may,” “intends,” “targets,” and similar expressions. can be identified. Forward-looking statements are not historical facts, but reflect our current expectations of future results or events and are based on currently available information. Certain important factors and assumptions were applied in providing these forward-looking statements. Forward-looking statements discussed in this release include MLC US Holdings’ borrowings under the Credit Agreement; MLC US Holdings’ anticipated use of proceeds from the First Amendment; including, but not limited to, descriptions of , OCIF’s projected growth and retail channels in the asset management industry, and our business strategies, models, approaches and future activities. All forward-looking statements contained in this press release are qualified by these cautionary statements. We believe that the expectations reflected in forward-looking statements are based on reasonable assumptions. However, we cannot give any guarantee that actual results or developments will be realized by any particular date or that they will be realized at all. These forward-looking statements, including matters discussed in the “Risk Factors” section of our recently filed Annual Information Form and Management’s Discussion and Analysis, could cause actual results or events to differ materially from current expectations. subject to a number of risks and uncertainties that may for the company. Accordingly, readers should not place undue reliance on such forward-looking statements. Further, forward-looking statements speak only as of the date such statements are made. We undertake no obligation to publicly update such statements or to reflect new information or the occurrence of future events or circumstances, except as required by securities laws. These forward-looking statements are made as of the date of this press release.

This press release is not a prospectus or advertisement and should not be construed as such under any circumstances. purchase securities of the Company or any fund or other investment vehicle; This press release is not intended for US persons. Our stock is not and will not be registered under the United States Securities Act of 1933, as amended. Nor is the company registered under the Securities Act of 1940. US persons may not purchase our stock without an exemption from registration under each of these laws. In addition, the number of U.S. investors, or investors who are U.S. persons or purchase for the account or interest of U.S. persons, is the number required to comply with any available exemption from the registration requirements of 1940. is limited to activity.

For more information, please contact:

Jason Ruth
[email protected]

Mount Logan Capital Co., Ltd.
365 Bay Street, Suite 800
Toronto, Ontario M5H 2V1

CBJ Newsmaker

Mount Logan Capital Inc. Expands Line of Credit to Fund Seed Investment in Canadian Business Journal’s New Interval Fund

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