NYSE:BURDiversified Financial
How a US$500 Million Debt Recast and Seoul Hire At Burford Capital (BUR) Has Changed Its Investment Story
Burford Capital has recently completed a US$500 million private offering of 8.50% senior notes due 2034, intending to redeem its 5.000% senior notes due 2026 and deploy remaining proceeds for general corporate purposes, while also appointing Elizabeth J. Shin as senior vice president and head of Korea.
The combination of balance sheet refinancing and the firm’s first senior hire in Seoul signals a meaningful push into both capital and geographic expansion for Burford’s litigation finance...