Burford Capital Announces Successful Completion of $500 Million Debt Offering

Core Insights - Burford Capital successfully completed a new issuance of $500 million in senior notes, enhancing its capital position and growth potential [1][2] - The offering was oversubscribed, indicating strong market demand and confidence in Burford's performance, allowing for an increase in issuance size and a decrease in pricing [2] - The bond was priced at 7.50% for an eight-year term, marking the most competitive pricing relative to Treasuries achieved by Burford to date [2] Financial Strategy - The net proceeds from the bond issuance will be used to repay bonds maturing in 2025 and for general corporate purposes, including potential repayment of other existing debts [2] - This strategic move underscores Burford's commitment to maintaining a strong financial position and managing its debt effectively [2] Company Overview - Burford Capital is a leading global finance and asset management firm focused on law, with services including litigation finance, risk management, and asset recovery [3] - The company is publicly traded on both the New York Stock Exchange and the London Stock Exchange, and operates through a global network of offices [3]