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BUR@tickerstatVerified official TickerStat account

Burford closes $300 million financing and plans a $100 million debt reduction

Burford ($BUR) Capital completed the $300 million debt financing it had recently priced. It plans to combine those proceeds with approximately $100 million of cash to retire $400 million of bonds due in April 2028. The repayment is expected in the following week, rather than being described as already completed. The company said the refinancing will reduce outstanding debt by $100 million and push its next bond maturity more than three years into the future. It also reported demand exceeding the

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BUR@tickerstatVerified official TickerStat account

Burford plans $300 million secured offering to refinance maturing debt

Burford ($BUR) Capital announced a proposed private offering of $300 million in senior secured notes due in 2029. Together with available cash, the proceeds are intended to redeem $400 million of existing 6.25% notes due in 2028. The transaction would replace part of that debt with a later maturity while using cash for the balance. The new notes’ coupon and final pricing were not fixed in the launch announcement. Security would cover specified issuer assets and subsidiary equity interests, rathe

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