Mount Logan Capital Inc. Completes Plan of Arrangement and $40.5 Million Financing and Lists on Aequitas NEO Exchange

October 19, 2018

Mount Logan Capital Inc. (NEO:MLC) (formerly Marret Resource Corp.) completed a plan of arrangement under the Business Corporations Act (Ontario) with BC Partners pursuant to which, among other things, Mount Logan reorganized its capital structure and expanded its investment strategy from a focus on natural resource lending to a broader lending-oriented credit platform.  In connection with the completion of the plan of arrangement, Mount Logan acquired approximately US$16 million of loans pursuant to its loan program with a leading U.S. based loan provider and an additional US$7.2 million and C$5.1 million of loans sourced from BC Partners.  The loan acquisitions were funded with the proceeds from Mount Logan’s subscription receipt financing for gross proceeds of approximately C$40.5 million.  Following closing, Mount Logan listed on the Aequitas NEO Exchange becoming the first financial services company to list on the NEO Exchange.

Mount Logan holds and will actively manage and monitor a seed portfolio of loans and other investments with credit-oriented characteristics.  Mount Logan intends to actively source, originate, evaluate, underwrite, monitor and primarily invest in additional loans, debt securities and other credit-oriented instruments that present attractive risk-adjusted returns and present low risk of principal impairment through the credit cycle.

BC Partners is a leading international investment firm with over C$27 billion of assets under management in private equity and private credit. Established in 1986, BC Partners has played an active role in developing the European buyout market for three decades. Today, BC Partners executives operate across markets as an integrated team through the firm's offices in North America and Europe. Since inception, BC Partners has completed 104 private equity investments in companies with a total enterprise value of €129 billion and is currently investing its tenth private equity fund.

Wildeboer Dellelce LLP acted for BC Partners in connection with the plan of arrangement with a team that consisted of Perry Dellelce, Rob Wortzman, Sanjeev Patel, Patricia Good and Joel Fraser (corporate/securities/mergers and acquisition) and Katy Pitch and Colin Romano (tax).