Shearman & Sterling advised Global Atlantic Financial Group, as arranger, and an affiliate of Global Atlantic Financial Group, as initial lender, on a $50 million senior secured asset-backed loan-on-loan revolving credit facility for Great Lakes Senior MLC I LLC, a special-purpose subsidiary of Mount Logan Capital Inc. The facility is agented by a large financial institution and proceeds will be used to fund the purchase of commercial loans, debt obligations and other eligible loans and investments, and for general corporate purposes.

Headquartered in New York, Mount Logan Capital Inc. is an investment firm primarily focused on investing in public and private debt securities.

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