#Senior Secured Notes #Finance #Burford Capital

Burford Capital Announces Key Financial Move

Burford Capital Limited, a prominent player in global finance and asset management within the legal sector, has revealed the pricing of its private offering of senior secured notes. This offering amounts to an aggregate principal of $300 million with an interest rate of 8.000% and a due date set for 2029.

The notes will be issued by Burford Capital Global Finance LLC, a wholly-owned subsidiary of Burford Capital. These securities are set to be guaranteed by Burford Capital itself and will be secured by a senior lien against nearly all assets of the subsidiary. This includes the capital stocks of certain Burford Capital subsidiaries, although certain exceptions will apply. The closing of this offering is anticipated on September 17, 2026, pending standard closing conditions.

The decisions behind this financial strategy are significant. With the net proceeds from this offering, along with available cash, Burford Capital plans to redeem its existing 6.250% senior notes due in 2028 immediately following the closure of this recent venture. It's important to note that this announcement does not serve as a notice to redeem or an offer to purchase the 2028 notes or any other form of indebtedness.

Regulatory Considerations

In compliance with regulation, these securities have not been, and will not be, registered under the U.S. Securities Act of 1933, nor are they set to be available to U.S. persons unless registered or exempted from registration under applicable securities laws. The offering is limited to what is termed