Pricing of Early Redemption of Bonds Due 2026

Burford Capital (BUR) has set the redemption price for the early repayment of its £175,000,000 5.000% guaranteed bonds due 2026.

Rhea-AI Summary

Burford Capital (BUR) has set the redemption price for the early repayment of its £175,000,000 5.000% guaranteed bonds due 2026. The Issuer will redeem the outstanding bonds in full on 30 January 2026 (Repayment Date).

The Redemption Price payable is 100.290% per £100 principal, plus any accrued but unpaid interest up to (but excluding) the Repayment Date. The price was calculated under Condition 8.3 (Redemption at the Option of the Issuer) and announced further to the issuer's notice dated 15 January 2026.

Positive

• Early debt repayment reduces outstanding bond liability
• Redemption price is a modest premium at 100.290%

Negative

• Cash outflow equals principal plus 0.290% premium
• Repayment removes long-term debt funding option before maturity

Argus Jan 27 session

+1.66% close to close Open Argus

Details

News Market Reaction – BUR

On Jan 27, the day this news came out, BUR closed 1.66% above the previous close.

Data tracked by StockTitan Argus for the Jan 27 session.

Market Context

This announcement finalizes the mechanics of Burford’s early redemption of its 5.000% bonds due 2026...

Analysis

This announcement finalizes the mechanics of Burford’s early redemption of its 5.000% bonds due 2026, confirming a redemption price of 100.290 per £100 principal plus accrued interest, payable on January 30, 2026. It follows earlier disclosures about issuing new 2034 senior notes to fund this transaction. Investors may track how this refinancing interacts with Burford’s earnings trajectory, dividend policy, and future funding needs over the coming years.

Key Figures

Bond principal: £175,000,000 Coupon rate: 5.000% Redemption price: 100.290 per £100 +2 more

Bond principal

£175,000,000

5.000% guaranteed bonds due 2026

Coupon rate

5.000%

Guaranteed bonds due 2026

Redemption price

100.290 per £100

Early redemption price for bonds

Repayment date

January 30, 2026

Early redemption settlement date

Bond maturity year

2026

Original maturity of 5.000% bonds

Historical Context

5 past events · Latest: Jan 13

5 events

1. Jan 13

   Debt offering priced

   24h Move

   -0.9%

   Priced and upsized $500M 8.500% senior notes due 2034.

2. Jan 12

   Debt offering launch

   24h Move

   +2.1%

   Announced planned $450M senior notes offering due 2034.

3. Nov 07

   Dividend FX rate

   24h Move

   -1.1%

   Set FX rate for 6.25 US cent 2025 interim dividend.

4. Nov 05

   Earnings release

   24h Move

   +0.0%

   Reported 3Q25 and YTD25 results and operating update.

5. Oct 23

   Earnings date set

   24h Move

   -0.5%

   Announced date and details for 3Q25 results call.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

redemption at the option of the issuer, trust deed, isin, guaranteed bonds, +1 more

5 terms

redemption at the option of the issuer financial

"pursuant to Condition 8.3 (Redemption at the Option of the Issuer), the Issuer intends"

A clause that lets the borrower (the company that issued a bond or preferred share) choose to pay back the security before its stated maturity date. It matters to investors because early repayment changes expected income and timing — like a loan being paid off ahead of schedule — which can lower total returns and force reinvestment at potentially lower interest rates; buyers often demand higher yields or call protection to compensate.

trust deed financial

"Bonds which are constituted by the trust deed, dated June 1, 2017"

A trust deed is a legal document used to secure a loan with real property: the borrower transfers title to a neutral third-party trustee to hold as collateral until the loan is repaid. It works like handing the house keys to a trusted friend while you pay back the debt, allowing the lender quicker recovery if the borrower defaults. Investors care because a trust deed determines the lender’s priority, speed of foreclosure, and likelihood of recovering funds in a default.

isin financial

"bonds due 2026 (the "Bonds")ISIN: XS1614096425Notice of Early Redemption"

A 12-character International Securities Identification Number (ISIN) is a unique code that acts like a passport for a specific stock, bond or other tradable security so it can be identified worldwide. Investors and systems use it to ensure they are buying, selling and tracking the exact same instrument across exchanges and data feeds, which prevents costly mix-ups and makes portfolio reporting, settlement and regulatory checks simpler and more reliable.

View in glossary

guaranteed bonds financial

"£175,000,000 5.000 per cent. guaranteed bonds due 2026"

Guaranteed bonds are debt securities whose interest and/or principal payments are backed by a third party—such as a government, bank, or parent company—who promises to step in if the issuer cannot pay. For investors, that extra promise usually means lower risk and therefore lower returns compared with unsecured bonds, similar to how a co-signer on a loan makes repayment more likely; investors still need to assess the guarantor’s financial strength.

principal amount financial

"per cent. per £100 principal amount of the Bonds"

The principal amount is the original sum of money that is borrowed, lent, or invested before any interest, fees, or returns are added. It matters to investors because interest charges, scheduled repayments, and total return are calculated from that base amount — think of it as the price tag on which future costs or gains are built. Knowing the principal helps you compare deals and predict cash flows and risk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEE "IMPORTANT INFORMATION" BELOW.

NEW YORK, Jan. 27, 2026 /PRNewswire/ --

Burford Capital plc (the "Issuer")
£175,000,000 5.000 per cent. guaranteed bonds due 2026 (the "Bonds")
ISIN: XS1614096425

Notice of Early Redemption of Bonds at the Option of the Issuer ― Pricing

This notice is in respect of the Bonds which are constituted by the trust deed, dated June 1, 2017 (as amended, supplemented or otherwise modified to the date hereof, the "Trust Deed"), by and among the Issuer, Burford Capital Limited, Burford Capital Finance LLC and Burford Capital Global Finance LLC, as guarantors, and U.S. Bank Trustees Limited, as trustee (the "Trustee"). Capitalised terms used in this notice but not defined herein have the meanings ascribed to them in the Trust Deed.

This notice is being given further to the notice, dated January 15, 2026 (the "Original Notice"), notifying the Bondholders that, pursuant to Condition 8.3 (Redemption at the Option of the Issuer), the Issuer intends to redeem the aggregate principal amount of the Bonds that remain outstanding in full on January 30, 2026 (the "Repayment Date").

NOTICE IS HEREBY GIVEN in accordance with Condition 14 (Notices) that, pursuant to Condition 8.3 (Redemption at the Option of the Issuer), the redemption price payable in respect of the Bonds is 100.290 per cent. per £100 principal amount of the Bonds (the "Redemption Price"). The Redemption Price shall be paid together with any accrued but unpaid interest on the Bonds up to (but excluding) the Repayment Date.

The Redemption Price has been calculated in accordance with Condition 8.3 (Redemption at the Option of the Issuer) and in the manner specified by the Issuer in the Original Notice.

This notice is given by Burford Capital Limited ("Burford") on behalf of Burford Capital plc.

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

View original content:https://www.prnewswire.com/news-releases/pricing-of-early-redemption-of-bonds-due-2026-302671299.html

SOURCE Burford Capital Limited

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What bonds is Burford Capital (BUR) redeeming on 30 January 2026?

Burford is redeeming the £175,000,000 5.000% guaranteed bonds due 2026 (ISIN XS1614096425).

What redemption price will BUR pay for the bonds on the Repayment Date?

The redemption price is 100.290% per £100 principal, plus accrued but unpaid interest up to (excluding) 30 January 2026.

When was Burford Capital's original notice of intent to redeem the BUR bonds issued?

The original notice of intent was issued on 15 January 2026.

How was the BUR Redemption Price determined?

The Redemption Price was calculated in accordance with Condition 8.3 (Redemption at the Option of the Issuer) and the method specified in the earlier notice.

Will BUR pay accrued interest when redeeming the bonds?

Yes. Accrued but unpaid interest will be paid up to (but excluding) the Repayment Date.