Burford Capital prices $300 million senior secured notes due 2029

  • Burford Capital priced $300 million of senior secured notes through Burford Capital Global Finance LLC.
  • The notes carry an 8.000% interest rate and mature in 2029.
  • Burford intends to use proceeds and cash to redeem 6.250% notes due 2028.

Burford Capital announced pricing of a private offering of $300 million in aggregate principal amount of 8.000% senior secured notes due 2029 through its indirect, wholly owned subsidiary, Burford Capital Global Finance LLC. The notes will be guaranteed by Burford Capital and secured by substantially all assets of the issuing subsidiary and the capital stock of certain Burford subsidiaries, subject to exceptions. Burford intends to combine the offering’s net proceeds with cash on hand to redeem the subsidiary’s 6.250% senior notes due 2028 as soon as practicable after closing. The offering is expected to close on September 17, 2026, subject to customary conditions. The securities are unregistered and will be offered only to eligible institutional and non-U.S. investors under applicable exemptions, including Rule 144A and Regulation S. The company also imposed retail-investor restrictions in the European Economic Area and the United Kingdom and cautioned that forward-looking statements carry material risks and will not necessarily be updated.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.