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Burford Capital Prices Upsized $500 Million Offering in 2024 Senior Notes

BY MT Newswires | CORPORATE | 04:03 PM EST

04:03 PM EST, 01/13/2026 (MT Newswires) -- Burford Capital (BUR) priced its upsized $500 million private offering of 8.5% senior secured notes due 2034, issued by its Burford Capital Global Finance subsidiary.

Proceeds will be used to redeem Burford Capital PLC's 5% notes due 2026 and for general corporate purposes, the company said Tuesday in a statement.

The offering, initially announced at $450 million, is expected to close Thursday.

Price: 9.55, Change: -0.10, Percent Change: -0.99

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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