IN BRIEF: Burford says bond issue closes "noisy chapter" for company
Burford Capital Ltd - London- and New York-based litigation financing - Says USD300 million issue of senior secured notes due 2029 by subsidiary Burford Capital Global Finance LLC is about 10-times oversubscribed, with the coupon "materially reduced" from the 8.0% indicated at the launch on Tuesday. Burford doesn't on Friday provide the final coupon of the issue. It says the funds from the new debt notes, together with USD100 million in cash on hand, will be used to redeem USD400 million in 6.25% senior notes due in April 2028. Read More