Burford Capital Limited announced on September 17, 2026, that its indirect wholly-owned subsidiary, Burford Capital Global Finance LLC, closed a private offering of senior secured notes. The offering raised $300 million in aggregate principal amount. The notes, denoted as 8.000% senior secured notes due 2029, were issued pursuant to an indenture dated the same day.
The notes bear interest at an annual rate of 8.000%, with payments made semi-annually on April 15 and October 15. Interest commences on April 15, 2027, to holders of record on April 1 and October 1, respectively. The notes are guaranteed on a senior secured basis by Burford Capital and secured by a senior lien on substantially all of the Issuer’s assets and the capital stock of certain subsidiaries.
According to the filing, the company intends to use the net proceeds from this offering, combined with cash on hand, to redeem in full its 6.250% senior notes due 2028. The notes are set to mature on October 15, 2029, though the Issuer retains the option to redeem them in whole or in part prior to maturity.
The indenture governing the notes includes restrictions on the company and its subsidiaries. These limitations include restrictions on incurring additional indebtedness, paying cash dividends, creating liens, and engaging in mergers or asset sales. Additionally, the indenture includes a Change of Control Triggering Event provision, which requires the Issuer to offer to repurchase all outstanding notes at 101% of the principal amount plus accrued interest if such an event occurs.
