debt
confidence high
sentiment neutral
materiality 0.50
Burford Capital plans $300M notes offering, conditional redemption of $400M 2028 notes
Burford Capital Ltd
- Announced private offering of $300M senior secured notes due 2029 by subsidiary Burford Capital Global Finance LLC.
- Conditional notice to redeem all $400M outstanding 6.250% senior notes due 2028 on Sep 24, 2026, subject to receiving at least $300M proceeds.
- Redemption is contingent on closing of new debt with satisfactory terms; proceeds condition applies.
- Also intends opportunistic open-market purchases of outstanding debt for further de-leveraging.