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Private Offering of Senior Notes

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Burford Capital announces private offering of $450 million senior notes due 2034 to refinance 2026 bonds.

  • Senior Notes offering $450 million
  • Maturity 2034
  • 2026 Bonds to be redeemed 5.000%
Full announcement

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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 planned private offering of $450 million aggregate principal amount of senior notes due 2034 (the "Notes") by its indirect, wholly owned subsidiary, Burford Capital Global Finance LLC, subject to market and other conditions. The Notes will be guaranteed on a senior unsecured basis by Burford Capital (such guarantee, together with the Notes, the "Securities").

Burford Capital intends to use the net proceeds from the offering of the Securities to redeem as soon as practicable following the closing of the offering the 5.000% bonds due 2026 of Burford Capital PLC (the "2026 Bonds") and the remainder for general corporate purposes, which may include the repayment or retirement of other existing indebtedness. This release does not constitute a notice of redemption with respect to, or an offer to purchase, the 2026 Bonds or any other indebtedness. The Notes will not be guaranteed by Burford Capital Finance LLC or Burford Capital PLC, as these entities are expected to be released from their guarantees of Burford's other outstanding indebtedness following completion of the redemption of the 2026 Bonds.

Burford Capital Limited

For investor and analyst inquiries:

Americas: Josh Wood, Head of Investor Relations - email+1 212 516 5824
EMEA & Asia: Rob Bailhache, Head of EMEA & Asia Investor Relations - email+44 (0)20 3530 2023
For press inquiries:
David Helfenbein, Senior Vice President, Public Relations - email+1 646 504 7074
Deutsche Numis - NOMAD and Joint Broker+44 (0)20 7260 1000
Giles Rolls
Charlie Farquhar
BofA Securities - Joint Broker+44 (0)20 7628 1000
Peter Luck
David Lloyd
Jefferies International Limited - Joint Broker+44 (0)20 7029 8000
Graham Davidson
James Umbers
Berenberg - Joint Broker+44 (0)20 3207 7800

Toby Flaux

James Thompson

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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