Welcome to our dedicated page for Burford Capital SEC filings (Ticker: BUR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Burford Capital Limited filings document the formal disclosure record for a Guernsey-based legal finance and asset management company. Its reports and current-event filings cover operating results, portfolio-related commentary, Regulation FD disclosures on the YPF matter, and exhibits such as earnings releases and investor presentations.
Burford's SEC filings also describe governance and compensation matters, including proxy statement disclosures, executive employment agreements and carried-interest compensation arrangements. Capital-structure filings include material agreements for senior notes issued through a subsidiary and guaranteed by Burford Capital, with related indenture covenants, redemption provisions and use-of-proceeds disclosures.
Burford Capital Ltd received a Schedule 13G from Conifer Management, L.L.C. reporting a sizable institutional position. Conifer, a Delaware-based investment adviser, reports beneficial ownership of 12,148,278 ordinary shares, representing 5.6% of Burford’s outstanding class as of the event date.
Conifer reports sole voting and sole dispositive power over all 12,148,278 shares, with no shared power. The firm states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Burford Capital.
Burford Capital Limited disclosed that its indirect subsidiary Burford Capital Global Finance LLC has closed a private offering of $500,000,000 aggregate principal amount of 8.50% senior notes due 2034. The notes are guaranteed on a senior unsecured basis by Burford Capital and were issued under an indenture dated January 15, 2026 with U.S. Bank Trust Company, National Association, as trustee.
Burford Capital intends to use the net proceeds to redeem its 5.000% bonds due 2026 and for general corporate purposes, which may include repaying or retiring other existing debt. The new notes pay interest at 8.50% per annum, with semi-annual payments each January 15 and July 15, starting on July 15, 2026, to holders of record on the preceding January 1 and July 1.
The notes mature on January 15, 2034 but may be redeemed by the issuer, in whole or in part, before maturity as described in the indenture. Burford Capital PLC has issued a notice to redeem all outstanding 2026 bonds, with redemption scheduled for January 30, 2026, aligning the new financing with the upcoming bond maturity.
Burford Capital Ltd director reported a new equity-linked award under the company’s deferred compensation plan. On 12/18/2025, Mr. Halmy acquired 5,075.6 Phantom RSUs at a reference price of $9.26 per unit. These are derivative securities that give a contingent right to receive the economic equivalent of one Burford ordinary share for each Phantom RSU, payable in cash or ordinary shares under the plan’s terms.
Following this transaction, Mr. Halmy indirectly beneficially owned 8,018.4 Phantom RSUs. The filing confirms his status as a director and indicates the transaction was reported on a Form 4 for a single reporting person.
Burford Capital Ltd disclosed that its President, Ms. Will, acquired additional deferred equity-based compensation through its non-qualified deferred compensation plan. On 12/16/2025 she obtained a total of 1,394.3 phantom restricted share units (Phantom RSUs), consisting of a purchase of 1,045.3 Phantom RSUs by her and a matching contribution of 349.0 Phantom RSUs by Burford Capital Limited. These Phantom RSUs vest on November 7, 2027, contingent on her continued employment through that date.
Each Phantom RSU represents the right to receive the economic equivalent of one Burford ordinary share, which may be settled in cash or ordinary shares under the plan terms. The filing also notes a price of $9.14 for the derivative security and shows 163,060 derivative securities beneficially owned following the reported transaction.
Burford Capital Ltd reported an equity-based compensation transaction involving one of its officers. Vice Chair Mr. Perla acquired a total of 10,294 phantom restricted share units ("Phantom RSUs") on December 5, 2025 under the Burford Capital Deferred Compensation Plan. This reflects a purchase of 9,706 Phantom RSUs by Mr. Perla and a matching contribution of 588 Phantom RSUs by the company.
The Phantom RSUs vest on November 7, 2027, subject to Mr. Perla’s continued employment through that date. Each Phantom RSU represents a contingent right to receive the economic equivalent of one Burford ordinary share, which may be settled in cash or ordinary shares in line with the plan’s terms.
Burford Capital Limited reported that its subsidiary Burford Capital LLC has entered into amended and restated employment agreements with Chief Executive Officer Christopher P. Bogart and Chief Investment Officer Jonathan T. Molot, effective January 1, 2026. These changes respond to negative feedback from Institutional Shareholder Services following the May 14, 2025 shareholder meeting.
The new structure removes the target annual discretionary bonus and restores the executives’ formulaic carried interest from 3.00% back to 3.75% each, based solely on cash gains. As of January 1, 2026, each executive will generally receive a $1.9 million base salary plus 3.75% carry, with no annual bonus, and certain historical perquisites are discontinued.
If Burford terminates an executive without Cause or the executive resigns for Good Reason (outside a Change in Control Period), each is entitled to a cash severance equal to two times the sum of his annual base salary and $2.0 million.
Orbis Investment Management Ltd and Allan Gray Australia Pty Ltd filed an amended Schedule 13G reporting beneficial ownership in Burford Capital Ltd. They collectively reported 14,936,723 shares, representing 6.8% of the common stock, with an event date of 09/30/2025.
Orbis reported 14,767,427 shares with sole voting and dispositive power. Allan Gray reported 169,296 shares with sole voting and dispositive power. The filing certifies the holdings were acquired and are held in the ordinary course and not to influence control.
Burford Capital Limited reported a sharp downturn for the quarter ended September 30, 2025. Total revenues fell to $69.8 million from $249.1 million a year earlier, driven by much lower capital provision income, and the company booked a net loss attributable to shareholders of $19.2 million versus prior net income of $135.6 million. Diluted EPS swung to a $0.09 loss from earnings of $0.61.
For the first nine months of 2025, revenues declined to $380.0 million from $453.1 million, with net income attributable to shareholders down to $100.1 million from $159.5 million. Operating cash flow dropped to $50.9 million from $235.4 million, while finance costs increased to $109.4 million. Even so, cash and cash equivalents rose to $677.7 million and capital provision assets increased to $5.62 billion, funded in part by higher debt of $2.14 billion, including new $500 million 7.500% senior notes due 2033.
Burford Capital Limited furnished an update on its operations by issuing a press release and a detailed presentation covering financial results for the three and nine months ended September 30, 2025. The materials were provided via a Form 8-K under Results of Operations and Financial Condition.
The press release and presentation are included as Exhibits 99.1 and 99.2 and are incorporated by reference. The company noted this information is being furnished, not filed, under the Exchange Act. Burford’s ordinary shares trade under the symbol BUR on the New York Stock Exchange and on London Stock Exchange AIM.
Burford Capital Limited furnished an update via Form 8-K about the status and expected timeline of the YPF matter in US and foreign courts. The company issued a press release on October 22, 2025, and attached it as Exhibit 99.1.
The information under Item 7.01 is being furnished, not filed, and is not subject to Section 18 liability nor incorporated by reference unless specifically stated. The filing also includes standard forward-looking statements language.