Pricing and Upsizing of Senior Notes Offering
Burford Capital prices $500m of 7.50% senior notes due 2033, increased from original offering size.
- Senior Notes offering $500 million
- Coupon rate 7.50%
- Maturity date 2033
- 2025 Bonds to be repaid 6.125% due 2025
- Potential repayment 5.000% bonds due 2026
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Burford Capital Limited ("Burford" or "Burford Capital"), the leading global finance and asset management firm focused on law, today announces the pricing of its private offering of $500 million aggregate principal amount of 7.50% senior notes due 2033 (the "Notes") by its indirect, wholly owned subsidiary, Burford Capital Global Finance LLC, which represents an increase from the previously announced offering size. The Notes will be guaranteed on a senior unsecured basis by Burford Capital as well as Burford Capital Finance LLC and Burford Capital PLC, both indirect, wholly owned subsidiaries of Burford Capital (such guarantees, together with the Notes, the "Securities"). The offering is expected to close on July 11, 2025.
Burford Capital intends to use the net proceeds from the offering of the Securities to repay the 6.125% bonds due 2025 of Burford Capital Finance LLC (the "2025 Bonds") at their maturity date and the remainder for general corporate purposes, including the potential repayment or retirement of other existing indebtedness, which may include the 5.000% bonds of Burford Capital PLC due 2026. This release does not constitute a notice of redemption with respect to, or an offer to purchase, the 2025 Bonds or any other indebtedness.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.