Burford Capital Stock Price, News & Analysis

Burford Capital announces a private offering of $350 million in senior notes due 2030. The offering is conducted by its wholly owned subsidiary, Burford Capital Global Finance LLC, and is subject to market conditions. The proceeds will be utilized for general corporate purposes, including potential debt repayment. Notably, the securities will not be registered under the US Securities Act and will only be offered to qualified institutional buyers and non-US persons. Burford is publicly traded under the ticker BUR on major exchanges.

Burford Capital Limited announced that its top executives, including CEO Christopher Bogart and CIO Jonathan Molot, invested $3 million in the company's stock between March 31 and April 1, 2022, through a deferred compensation plan. This brings Bogart and Molot's total investment to approximately $15 million since 2019, collectively controlling nearly 9% of Burford's shares. Additional investments are expected from other executives, including CFO Kenneth Brause and Co-COO David Perla. This strategy allows employees to defer cash compensation into Burford shares, enhancing their holdings.

Burford Capital has announced plans to purchase up to 600,000 ordinary shares, valued at approximately $5.5 million, to support its 2016 Long Term Incentive Plan and deferred compensation obligations. The share repurchases will be conducted on the open market as soon as practicable. This strategic move is aimed at fulfilling vested awards and enhancing the company's financial management. An announcement will follow the completion of each set of purchases.

Burford Capital reported its financial results for the year ending December 31, 2021, marking the first loss in its history amid significant new business. The firm generated over $1 billion in new commitments and deployed record capital from its balance sheet, despite slower case progression. As of year-end, Burford maintained solid liquidity and strong capital access, including the announcement of a $360 million private fund. Executives express optimism regarding the portfolio's potential, indicating that delays are timing-related and do not affect realizable values.

Burford Capital Limited (NYSE: BUR) has announced the successful close of a new $360 million private investment fund, the Burford Advantage Master Fund LP. This fund targets lower risk pre-settlement litigation investments with expected returns of 12-20% IRR. Burford retains any returns exceeding 10% after providing the first 10% to investors. With $300 million committed from institutional investors and a $60 million commitment from Burford, the fund's investment period runs until December 24, 2024.

Burford Capital Limited has announced its 2021 full-year results call scheduled for March 29, 2022, at 10 AM EDT. Investors and analysts are encouraged to pre-register through a dedicated link. The dial-in numbers for various locations are provided, along with an access code. A presentation of the results will be available on Burford's website. A replay of the call will be accessible until April 12, 2022. Burford specializes in litigation finance and is publicly traded as BUR on both the NYSE and LSE.

Burford Capital Limited has announced the disclosure date for its full year 2021 results on March 29, 2022, at 7:00 AM EDT. The company will also host a conference call for investors at 10:00 AM EDT on the same day, with further details to be provided later. Burford Capital, a leader in finance and asset management in the legal sector, operates globally and is publicly traded on both the NYSE and LSE under the ticker BUR.

Burford Capital has achieved a historic milestone by surpassing $100 million in cumulative commitments to its Equity Project, aimed at promoting diversity in the legal field. As of February 28, over half of the phase two funds have been committed to supporting commercial litigation and arbitration led by female and racially diverse lawyers. The initiative seeks to enhance ESG and DEI efforts by incentivizing firms to appoint underrepresented lawyers. Co-COOs Aviva Will and David Perla express their excitement about the rapid growth of the project and its significant industry impact.

Burford Capital has released research indicating a significant opportunity for companies to enhance their legal departments through affirmative recovery programs. Despite most companies having such programs, only a few are deemed robust, with three of five general counsels admitting to neglecting valuable recoveries. The report emphasizes the benefits of systematic programs and the role of legal finance in improving recovery outcomes. Interviews with senior legal leaders reveal a growing awareness and appetite for integrating legal finance as a strategy for maximizing corporate value.