Mount Logan Capital Inc. (MLCI) Form 8-K — Oct 15, 2026
Mount Logan Capital's subsidiary MLC US Holdings entered Amendment No. 6 to its Credit Agreement on October 9, 2026, with required lenders waiving specified events of default triggered by the termination of the Sierra Crest (SCIM) management agreements tied to the ACIF/BC Partners Lending merger and the July 2025 Logan Ridge/Portman Ridge merger. As part of the deal, the $15.0 million SCIM Promissory Note was cancelled and released as loan collateral in exchange for assignment of a revenue share agreement under which BC Partners Advisors pays 29.88% of the management and incentive fees it earns from BCPLC.
Key figures
- Revenue share percent
- 29.88% of management and incentive fees under BCPLC advisory agreement
- Company minority stake in scim
- 24.99%
- Scim promissory note principal
- 15000000
- Services agreement net amount owed
- 3400000
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