Earnings ·
Burford reports $34M net income in 3Q26, issues $300M of 8.0% notes due 2029
BURBurford Capital Ltd
Burford Capital Limited reported a consolidated net income of $34 million for the third quarter ended September 30, 2026, compared to a net loss of $20.3 million in the prior-year period. Total revenues were $147 million, driven by capital provision income of $116 million and asset management fees of $13 million. The company also announced the issuance of $300 million in 8.000% Senior Secured Notes due 2029, which were approximately 10 times oversubscribed, while retiring its nearest-term debt maturity to achieve $100 million of de-leveraging. Burford closed the quarter with more than half a billion dollars in cash and marketable securities. The company operates as a global finance and asset management firm focused on law.