Burford Capital Unit Prices Upsized Senior Notes Offering
MT Newswires Live
Jul 09
Burford Capital (BUR) said Tuesday its unit Burford Capital Global Finance priced an upsized private offering of $500 million senior notes due 2033, bearing a rate of 7.5%.
Burford Capital plans to use the net proceeds to repay its 6.125% bonds of Burford Capital Finance due 2025 and the remainder for general corporate purposes, according to a statement.
The company said the offering is expected to close on July 11.
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