Burford Capital prices $300 million notes as PBF plans separate offering

Sep 14, 2026 07:04 (39d ago)

Burford Capital priced $300 million of 8.000% senior secured notes due 2029 through Burford Capital Global Finance LLC, while PBF Holding separately plans $500 million of exchangeable notes due 2032.
Burford’s notes will be guaranteed by Burford Capital and secured by substantially all assets of the issuing subsidiary and stock of certain subsidiaries, subject to exceptions.
Burford expects closing on September 17, 2026, subject to customary conditions, and plans to combine proceeds with cash on hand to redeem $400 million of 6.250% notes due 2028.

The records describe two separate private debt transactions. Burford Capital priced $300 million of 8.000% senior secured notes due 2029 through Burford Capital Global Finance LLC, while PBF Holding, a PBF Energy subsidiary, intends to offer $500 million of exchangeable notes due 2032. Burford expects to use the net proceeds and cash on hand to redeem its subsidiary’s $400 million of 6.250% senior notes due 2028 as soon as practicable after the new offering closes.