Burford Capital Announces Private Offering of Senior Secured Notes
Burford Capital Limited has announced plans to privately offer $300 million in senior secured notes due in 2029 through its subsidiary, Burford Capital Global Finance LLC. The offering is subject to market and other conditions. These notes will be guaranteed by Burford Capital itself and are secured on a senior lien basis against the assets of the subsidiary and certain subsidiaries' capital stock. The company intends to use proceeds from this private offering, along with existing cash reserves, to redeem its 6.250% senior notes due in 2028 as soon as possible after closing. Burford expects to deliver a conditional notice of redemption for these $400 million outstanding notes on September 24, 2026, contingent upon the successful completion of this new financing. The offering is not registered under U.S. or other jurisdictions' securities laws and will be available only to qualified institutional buyers outside the United States.
Tickers: $BUR
Topics: corporate_finance debt_securities