Financing ·
Burford Capital closes $300 million private offering of 8.000% senior secured notes due October 15, 2029
BURBurford Capital Ltd
Burford Capital Limited closed a private offering of $300 million in aggregate principal amount of 8.000% senior secured notes due October 15, 2029. The notes are guaranteed by Burford Capital and secured by substantially all assets of the issuer and certain subsidiaries. Interest is payable semi-annually on April 15 and October 15, commencing April 15, 2027. The company intends to use the net proceeds, combined with cash on hand, to fully redeem its existing 6.250% senior notes due 2028. Burford Capital Limited operates in the legal finance industry, providing capital and litigation funding services.