BURFORD CAPITAL ANNOUNCES PRICING AND UPSIZING OF PRIVATE OFFERING OF SENIOR NOTES
Burford Capital (NYSE:BUR) has successfully priced a private offering of $500 million senior notes due 2033 with a 7.50% interest rate, representing an increase from the initially announced size. The notes will be issued through Burford Capital Global Finance LLC and guaranteed by Burford Capital and its subsidiaries.
The company plans to use the proceeds to repay its 6.125% bonds due 2025 and for general corporate purposes, including potential repayment of other debt such as the 5.000% bonds due 2026. The offering, limited to Qualified Institutional Buyers and non-US qualified purchasers, is expected to close on July 11, 2025.
[ "Successful upsizing of the notes offering, indicating strong investor demand", "Strategic refinancing of existing debt with longer maturity (2033)", "Enhanced financial flexibility through debt restructuring" ]Burford Capital (NYSE:BUR) ha completato con successo un'offerta privata di 500 milioni di dollari in obbligazioni senior con scadenza 2033 con un tasso d'interesse del 7,50%, rappresentando un aumento rispetto alla dimensione inizialmente annunciata. Le obbligazioni saranno emesse tramite Burford Capital Global Finance LLC e garantite da Burford Capital e dalle sue controllate.
L'azienda prevede di utilizzare i proventi per rimborsare le sue obbligazioni al 6,125% con scadenza 2025 e per scopi aziendali generali, inclusa la possibile estinzione di altri debiti come le obbligazioni al 5,000% con scadenza 2026. L'offerta, riservata a investitori istituzionali qualificati e acquirenti qualificati non statunitensi, dovrebbe concludersi il 11 luglio 2025.
- Successo nell'aumento dell'offerta di obbligazioni, segno di una forte domanda da parte degli investitori
- Rifinanziamento strategico del debito esistente con scadenza più lunga (2033)
- Maggiore flessibilità finanziaria attraverso la ristrutturazione del debito
Burford Capital (NYSE:BUR) ha cerrado con éxito una oferta privada de bonos senior por 500 millones de dólares con vencimiento en 2033 con una tasa de interés del 7,50%, representando un aumento respecto al tamaño inicialmente anunciado. Los bonos serán emitidos a través de Burford Capital Global Finance LLC y garantizados por Burford Capital y sus subsidiarias.
La compañÃa planea usar los ingresos para pagar sus bonos al 6,125% con vencimiento en 2025 y para fines corporativos generales, incluyendo el posible pago de otras deudas como los bonos al 5,000% con vencimiento en 2026. La oferta, limitada a compradores institucionales calificados y compradores calificados fuera de EE.UU., se espera que cierre el 11 de julio de 2025.
- Éxito en la ampliación de la oferta de bonos, indicando fuerte demanda de los inversores
- Refinanciamiento estratégico de deuda existente con vencimiento más largo (2033)
- Mayor flexibilidad financiera mediante la reestructuración de deuda
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회사µç� 수ìµê¸ˆì„ 2025ë…� 만기 6.125% 채권 ìƒí™˜ê³� ì¼ë°˜ 기업 목ì , 그리ê³� 2026ë…� 만기 5.000% 채권 ë“� 기타 ë¶€ì±� ìƒí™˜ 가능성ì—� 사용í•� 계íšìž…니ë‹�. ì� 사모 ë°œí–‰ì€ ìžê²©ì� 갖춘 기관 투ìžìž� ë°� ë¯¸êµ ì™� ìžê²© 구매ìžì—게만 ì œí•œë˜ë©°, 2025ë…� 7ì›� 11ì�ì—� 마ê°ë� ì˜ˆì •ìž…ë‹ˆë‹�.
- 채권 발행 규모 확대 성공, 투ìžìž� 수요 강세 ë°˜ì˜
- 만기가 ë� ê¸�(2033ë…�) 기존 ë¶€ì±„ì˜ ì „ëžµì � 재융ìž�
- ë¶€ì±� êµ¬ì¡°ì¡°ì •ì� 통한 재무 ìœ ì—°ì„� ê°•í™”
Burford Capital (NYSE:BUR) a réussi à émettre une offre privée de 500 millions de dollars en obligations senior arrivant à échéance en 2033 avec un taux d'intérêt de 7,50%, représentant une augmentation par rapport à la taille initialement annoncée. Les obligations seront émises par Burford Capital Global Finance LLC et garanties par Burford Capital et ses filiales.
La société prévoit d'utiliser les fonds pour rembourser ses obligations à 6,125% arrivant à échéance en 2025 et pour des besoins généraux d'entreprise, y compris le remboursement potentiel d'autres dettes telles que les obligations à 5,000% arrivant à échéance en 2026. L'offre, limitée aux acheteurs institutionnels qualifiés et aux acheteurs qualifiés hors États-Unis, devrait se clôturer le 11 juillet 2025.
- Augmentation réussie de l'offre d'obligations, indiquant une forte demande des investisseurs
- Refinancement stratégique de la dette existante avec une échéance plus longue (2033)
- Flexibilité financière améliorée grâce à la restructuration de la dette
Burford Capital (NYSE:BUR) hat erfolgreich eine Privatplatzierung von 500 Millionen US-Dollar Senior Notes mit Fälligkeit 2033 zu einem Zinssatz von 7,50% abgeschlossen, was eine Erhöhung gegenüber der ursprünglich angekündigten Größe darstellt. Die Anleihen werden über Burford Capital Global Finance LLC ausgegeben und von Burford Capital sowie seinen Tochtergesellschaften garantiert.
Das Unternehmen plant, die Erlöse zur Rückzahlung seiner 6,125% Anleihen mit Fälligkeit 2025 sowie für allgemeine Unternehmenszwecke, einschließlich der möglichen Rückzahlung anderer Schulden wie der 5,000% Anleihen mit Fälligkeit 2026, zu verwenden. Das Angebot, das auf qualifizierte institutionelle Käufer und qualifizierte Käufer außerhalb der USA beschränkt ist, soll am 11. Juli 2025 abgeschlossen werden.
- Erfolgreiche Aufstockung des Anleiheangebots, was auf eine starke Nachfrage der Investoren hinweist
- Strategische Refinanzierung bestehender Schulden mit längerer Laufzeit (2033)
- Verbesserte finanzielle Flexibilität durch Schuldenrestrukturierung
- None.
- Higher interest rate of 7.50% compared to existing 6.125% and 5.000% bonds
- Increased debt load with $500 million new notes
Insights
Burford upsized its debt offering to $500M at 7.50%, primarily to refinance maturing debt, improving its liability management.
Burford Capital has successfully priced a $500 million offering of senior notes at
The transaction strategically addresses Burford's debt maturity schedule. The company explicitly plans to use proceeds to repay the
The
The notes are being offered privately to qualified institutional buyers and non-US persons, typical for this type of offering, allowing the company to avoid SEC registration requirements while still accessing sophisticated institutional capital.
Burford Capital intends to use the net proceeds from the offering of the Securities to repay the
The Securities have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "Securities Act"), or the laws of any other jurisdiction and may not be offered or sold within
About Burford Capital
Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange (NYSE: BUR) and the London Stock Exchange (LSE: BUR) and works with companies and law firms around the world from its global network of offices.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities of Burford.
This announcement does not constitute an offer of any Burford private fund. Burford Capital Investment Management LLC, which acts as the fund manager of all Burford private funds, is registered as an investment adviser with the US Securities and Exchange Commission. The information provided in this announcement is for informational purposes only. Past performance is not indicative of future results. The information contained in this announcement is not, and should not be construed as, an offer to sell or the solicitation of an offer to buy any securities (including, without limitation, interests or shares in any of Burford private funds). Any such offer or solicitation may be made only by means of a final confidential private placement memorandum and other offering documents.
Prohibition of sales to retail investors in the European Economic Area. The Securities are not intended to be offered, sold or otherwise made available to, and should not be offered, sold or otherwise made available to, any retail investor in the European Economic Area (the "EEA"). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"); (ii) a customer within the meaning of Directive (EU) 2016/97 (as amended, the "Insurance Distribution Directive"), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a "qualified investor" as defined in Regulation (EU) No. 2017/1129 (as amended, the "Prospectus Regulation"). No key information document required by Regulation (EU) 1286/2014 (as amended, the "PRIIPs Regulation") for offering or selling the Securities or otherwise making them available to retail investors in the EEA has been prepared and, therefore, offering or selling the Securities or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.
Prohibition of sales to retail investors in the
IN MEMBER STATES OF THE EEA, THIS ANNOUNCEMENT IS DIRECTED ONLY AT PERSONS WHO ARE "QUALIFIED INVESTORS" WITHIN THE MEANING OF THE PROSPECTUS REGULATION IN SUCH MEMBER STATE AND SUCH OTHER PERSONS AS THIS ANNOUNCEMENT MAY BE ADDRESSED ON LEGAL GROUNDS, AND NO PERSON THAT IS NOT A RELEVANT PERSON OR QUALIFIED INVESTOR MAY ACT OR RELY ON THIS ANNOUNCEMENT OR ANY OF ITS CONTENTS. IN THE
Forward-looking statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended, that are intended to be covered by the safe harbor provided for under these sections. In some cases, words such as "aim", "anticipate", "believe", "continue", "could", "estimate", "expect", "forecast", "guidance", "intend", "may", "plan", "potential", "predict", "projected", "should" or "will", or the negative of such terms or other comparable terminology, are intended to identify forward-looking statements. Although Burford believes that the assumptions, expectations, projections, intentions and beliefs about future results and events reflected in forward-looking statements have a reasonable basis and are expressed in good faith, forward-looking statements involve known and unknown risks, uncertainties and other factors, which could cause Burford's actual results and events to differ materially from (and be more negative than) future results and events expressed, projected or implied by these forward-looking statements. Factors that might cause future results and events to differ include, among others, those discussed in the "Risk Factors" section of Burford's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the US Securities and Exchange Commission on March 3, 2025. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements contained in the periodic and current reports that Burford files with or furnishes to the US Securities and Exchange Commission. Many of these factors are beyond Burford's ability to control or predict, and new factors emerge from time to time. Furthermore, Burford cannot assess the impact of each such factor on its business or the extent to which any factor or combination of factors may cause actual results and events to be materially different from those contained in any forward-looking statement. Given these uncertainties, readers are cautioned not to place undue reliance on Burford's forward-looking statements.
All subsequent written and oral forward-looking statements attributable to Burford or to persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements speak only as of the date of this press release and, except as required by applicable law, Burford undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Burford Capital Limited