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Burford Capital Limited ("Burford" or "Burford Capital"), the leading global finance and asset management firm focused on law, today announces the planned private offering of $400 million aggregate principal amount of senior notes due 2033 (the "Notes") by its indirect, wholly owned subsidiary, Burford Capital Global Finance LLC, subject to market and other conditions. The Notes will be guaranteed on a senior unsecured basis by Burford Capital as well as Burford Capital Finance LLC and Burford Capital PLC, both indirect, wholly owned subsidiaries of Burford Capital (such guarantees, together with the Notes, the "Securities").
Burford Capital intends to use the net proceeds from the offering of the Securities to repay the 6.125% bonds due 2025 of Burford Capital Finance LLC (the "2025 Bonds") at their maturity date and the remainder for general corporate purposes, including the potential repayment or retirement of other existing indebtedness, which may include the 5.000% bonds of Burford Capital PLC due 2026. This release does not constitute a notice of redemption with respect to, or an offer to purchase, the 2025 Bonds or any other indebtedness.
Posted In: BUR
