BURFORD CAPITAL ANNOUNCES PRIVATE OFFERING OF SENIOR NOTES

Key Takeaways:

• Burford Capital plans a private offering of $450 million in senior notes due 2034.
• The notes will be guaranteed by Burford Capital but not by certain subsidiaries.
• Net proceeds will go toward redeeming 5.000% bonds due 2026 and general corporate purposes.
• The Securities are not registered under the US Securities Act, limiting their availability to qualified investors.
• Burford Capital is a leader in legal finance, publicly traded on both NYSE and LSE.

Burford’s Planned Offering

Burford Capital has announced a planned private offering of $450 million in senior notes due 2034. Issued by its indirect, wholly owned subsidiary, Burford Capital Global Finance LLC, these notes will be offered subject to market conditions. The announcement specifies that they will be guaranteed on a senior unsecured basis by Burford Capital itself.

Strategy Behind the Offering

Crucially, Burford Capital intends to use the net proceeds from these new senior notes to redeem its 5.000% bonds due 2026, currently held by Burford Capital PLC, as soon as practicable following the offering’s close. Any leftover proceeds will fund general corporate purposes, which may include repaying or retiring other existing debt.

Regulatory and Investor Context

Because the new Securities remain unregistered under the US Securities Act of 1933, they cannot be offered or sold within the United States to non-qualified investors. Instead, they are directed only to qualified institutional buyers and certain non-US investors pursuant to Regulation S. This limitation underscores the specialized nature of this offering, ensuring it reaches suitable participants in the financial market.

About Burford Capital

Burford Capital is recognized worldwide for its focus on legal finance and asset management. It offers litigation funding, risk management, and asset recovery, among other services. With listings on the New York Stock Exchange (NYSE: BUR) and the London Stock Exchange (LSE: BUR), Burford works with companies and law firms in multiple jurisdictions, emphasizing high-level expertise and global reach.

Important Disclaimers

As stated in the announcement, this private offering should not be interpreted as an official notice of redemption or an offer to purchase any existing indebtedness. Additionally, the announcement does not constitute an offer to sell or a solicitation of an offer to buy any Burford Capital securities. Burford’s disclaimer clarifies that these details are intended solely for informational purposes and are subject to applicable legal and regulatory frameworks.