Burford Capital Limited has priced a private offering of $300 million aggregate principal amount of 8.000% senior secured notes due 2029, issued by its indirect, wholly owned subsidiary Burford Capital Global Finance LLC. The notes will be guaranteed by Burford Capital and secured on a senior lien basis by substantially all of the assets of Burford Capital Global Finance LLC and by the capital stock of certain subsidiaries of Burford Capital, subject to certain exceptions. The offering is expected to close on September 17, 2026, subject to customary closing conditions. Burford Capital intends to use the net proceeds from the offering, together with cash on hand, to redeem as soon as practicable following the closing the 6.250% senior notes due 2028 of Burford Capital Global Finance LLC. The securities will be offered only to persons reasonably believed to be Qualified Institutional Buyers under Rule 144A or non-US persons outside the United States under Regulation S, in each case who are Qualified Purchasers under the US Investment Company Act of 1940.
Burford Capital LtdBurford prices $300M 8.000% senior secured notes to redeem its 6.250% 2028 notes, a refinancing that raises interest cost but extends maturities.
CTBC Financial Holding Co Ltd