Mount Logan Capital Inc. extends line of credit to fund seed investment in new interval fund – Bollyinside

TORONTO, September. February 19, 2022 (News) – Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan”, “us”, “we” or “the Company”) is pleased to announce that its subsidiary, MLC US Holdings LLC ( “MLC US Holdings”), is the Borrower and has entered into an addendum (“First Schedule”) to the existing Loan Agreement dated August 20, 2021 (“Existing Loan Agreement” and with the First Schedule “Loan Agreement” ) to increase the term loan available under the Loan Agreement by $4,500,000 for a total amount of up to $28,562,500 (the “Credit”). The primary purpose of the proceeds will be to help launch the recently launched Opportunistic Credit Interval Fund (“OCIF”), an interim fund managed by Mount Logan Management LLC (“ML Management”), a wholly owned subsidiary of Mount Logan. OCIF pursues an all time for the US high net worth retail channel, with an investment mandate focused on specific situations and venture capital. est.

Ted Goldthorpe, CEO and Chairman of Mount Logan, said, “We are excited about the launch of OCIF and its anticipated growth trajectory over the coming years, as we believe there is a significant need to provide investors with accredited access to our opportunities and in-depth knowledge. in opportunistic credit. The retail channel is a major growth area in the asset management industry and we are excited to introduce an institutional-grade product to the US market. Finally, we would like to thank our financial partner who supports us for having contributed to financing the development of this new fund. “

The principal outstanding and accrued but unpaid interest under the Loan Agreement will become due on August 20, 2027, subject to certain adjustments under the Loan Agreement.

Other intentional uses of amounts borrowed under the first covenant are for general business purposes and for costs and expenses incurred under the line of credit.

As security for indebtedness under the loan agreement, MLC US Holdings has provided the lenders with security over all assets of MLC US Holdings. In addition, the Company has guaranteed the liabilities of MLC US Holdings under the loan agreement in favor of the lenders.

About Mount Logan Capital Inc.Mount Logan Capital Inc. is an alternative asset management and insurance solutions company focused on North American public and private debt securities and life product reinsurance, primarily through its subsidiaries Mount Logan Management LLC and Ability Insurance Company. The Company also acquires, appraises, underwrites, manages, monitors and actively invests in loans, debt securities and other credit-oriented instruments that offer attractive risk-adjusted returns and low risk of capital depreciation at course of the credit cycle.

Caution for Forward-Looking Statements This press release contains forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements may be identified by the expressions “seeks”, “expects”, “believes”, “estimates”, “will”, “may”, “intends”, “aims” and expressions similar. Forward-looking statements are not historical facts, but reflect the Company’s current expectations regarding future results or events, and are based on information currently available to it. Certain important factors and assumptions have been incorporated into these forward-looking statements. Forward-looking statements discussed in this release include, but are not limited to, statements regarding MLC US Holdings’ loans pursuant to the Facility Agreement, MLC US Holdings’ intended use of First Amendment proceeds, financing and the launch of OCIF, the expected growth of OCIF and the retail asset management industry channel and business strategy. the Company’s model, approach and future activities. All forward-looking statements contained in this press release are governed by this notice. The Company believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions; however, the Company cannot guarantee that actual results or developments will be realized on time or at all. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including matters discussed under “Risk Factors” in the latest Fact Sheet. annual report and the management report. . for business. Accordingly, readers should not place undue reliance on these forward-looking statements. Further, a forward-looking statement speaks only as of the date on which it is made. The Company undertakes no obligation to update these statements publicly 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 and should not be construed as a prospectus or advertisement, and the provision of this information is not and should not be construed as an offer to sell or offer to purchase securities of the Company. or in any fund or other investment vehicle. . This press release is not intended for US citizens. The Company’s shares are not and will not be registered under the US Securities Act of 1933, as amended, and the Company is not and will not be registered under the 1940 Act. of these laws. In addition, the number of investors in the United States who are US Persons or who purchase for or on behalf of US Persons will be limited to the number required to satisfy the 1940 exemption from available registration requirements. Law.

For more information, please contact:

Jason Roos Chief Financial Officer [email protected]

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

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