Burford Capital Announces Successful Completion of $500 Million Debt Offering

Rhea-AI Summary

Burford Capital (NYSE:BUR), the leading global finance and asset management firm focused on law, has successfully completed a $500 million senior notes offering on July 11, 2025. The eight-year bond was priced at 7.50%, marking the company's most competitive pricing relative to Treasuries to date.

The offering was substantially oversubscribed, demonstrating strong market confidence in Burford's performance. The company plans to use the proceeds to repay bonds maturing in 2025, with the remainder allocated for general corporate purposes, including potential repayment of bonds due in 2026.

Positive

• Successfully raised $500 million through oversubscribed bond offering
• Achieved most competitive Treasury-relative pricing in company history at 7.50%
• Strong market demand allowed increased issuance size with decreased pricing
• Demonstrates robust access to capital markets on favorable terms

Negative

• Increases overall debt load with new $500 million bond issuance
• Majority of proceeds allocated to existing debt repayment rather than growth initiatives

NEW YORK, July 14, 2025 /PRNewswire/ -- Burford Capital Limited ("Burford" or "Burford Capital"), the leading global finance and asset management firm focused on law, announces the successful completion of its new issuance of $500 million of senior notes on Friday, July 11, 2025.

Burford CEO Christopher Bogart commented: "We're very pleased with the results of this latest debt offering, which added a half-billion dollars in capital, building on our momentum and strengthening our position to achieve our growth targets. The offering was substantially oversubscribed, reflecting strong demand and market confidence in Burford's performance, and enabling us to increase the size of the issuance while simultaneously decreasing its price. Ultimately, we priced a $500 million, eight-year bond at 7.50%, which represents the most competitive pricing relative to Treasuries that Burford has ever achieved. Burford's ready access to significant capital on desirable terms sets us apart from our peers and reaffirms our position of global leadership."  

Burford intends to use the net proceeds from the offering to repay bonds due in 2025 at their maturity date and the remainder for general corporate purposes, including the potential repayment or retirement of other existing indebtedness, which may include bonds due in 2026.

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.

For more information, please visit www.burfordcapital.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any ordinary shares or other securities of Burford.

This press release 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 press release is for informational purposes only. Past performance is not indicative of future results. The information contained in this press release is not, and should not be construed as, an offer to sell or the solicitation of an offer to buy any securities (including 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.

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

FAQ

What is the size and interest rate of Burford Capital's (BUR) new bond offering?

Burford Capital issued $500 million in senior notes with an eight-year term at 7.50% interest rate.

How will Burford Capital (BUR) use the proceeds from its 2025 bond offering?

Burford will use the proceeds to repay bonds maturing in 2025 and for general corporate purposes, including potential repayment of bonds due in 2026.

Was Burford Capital's (BUR) 2025 bond offering successful?

Yes, the offering was substantially oversubscribed, allowing Burford to increase the size while decreasing pricing, achieving its most competitive pricing relative to Treasuries ever.

What does the successful bond offering indicate about Burford Capital's (BUR) market position?

The successful offering demonstrates strong market confidence in Burford's performance and reaffirms its position of global leadership with superior access to capital compared to peers.

When will Burford Capital's (BUR) new bonds mature?

The new bonds are eight-year bonds, meaning they will mature in 2033, as they were issued in July 2025.