#Senior Notes #Financial Services #Burford Capital

Burford Capital Announces Private Offering of Senior Notes

Burford Capital Limited, a prominent player in global finance and asset management with a focus on legal financing, has recently unveiled its plans for a substantial private offering. The goal is to issue senior notes totaling an impressive $450 million, set to mature in 2034, through its wholly owned subsidiary, Burford Capital Global Finance LLC. This announcement comes with a host of strategic implications, and it’s essential for both investors and stakeholders in the financial sector to take note.

Offering Details

The senior notes will carry a senior unsecured guarantee from Burford Capital, reinforcing investor confidence in the offering. The planned issuance is currently subject to market and other conditions, underlining the cautious approach that the company is adopting. The proceeds from this offering are designated for a dual purpose: primarily, they will be directed towards redeeming the company’s existing 5.000% bonds due in 2026. This redemption is intended to streamline Burford's existing debt obligations, allowing for better management strategies moving forward.

The remaining funds will be allocated for general corporate purposes, which could include paying off other outstanding debts. It’s worth noting that this announcement does not imply an obligation to redeem the 2026 Bonds or any of Burford's other indebtedness immediately, marking a prudent decision aimed at maintaining financial flexibility.

Compliance and Regulatory Framework

It's vital to mention that these senior notes will not be registered under the U.S. Securities Act of 1933 or applicable legal frameworks in various jurisdictions. Hence, their offering is restricted to