Burford Capital Announces Pricing of $300 Million Senior Secured Notes Offering
Burford Capital Limited has announced the pricing of a private offering for $300 million in aggregate principal amount of senior secured notes due in 2029. The notes will be issued by its subsidiary, Burford Capital Global Finance LLC and are guaranteed by Burford itself. These securities are secured on a senior lien basis against most assets of the issuing company and certain subsidiaries' capital stock. The offering is expected to close on September 17, 2026, subject to customary conditions. The proceeds will be used alongside existing cash reserves to redeem as soon as possible after closing the $300 million in 6.250% senior notes due in 2028 from Burford Capital Global Finance LLC. The offering is not registered under U.S. or other jurisdictions' securities laws and is limited to qualified institutional buyers outside of the United States, as well as non-U.S. persons through Regulation S.
Tickers: $BUR
Topics: corporate_finance debt_securities