REG - Burford Capital PLC Burford Capital Ltd - Notice of Early Redemption of Bonds Due 2026

Burford CapitalAnnouncement

15/01/2026 15:45

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RNS Number : 1182P  Burford Capital PLC  15 January 2026

This notice relates to the disclosure of information that qualified or may
have qualified as inside information within the meaning of Article 7(1) of the
Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018, as amended (the "UK Market
Abuse Regulation").

 

SEE "IMPORTANT INFORMATION" BELOW.

 

January 15, 2026

 

Burford Capital plc (the "Issuer")

£175,000,000 5.000 per cent. guaranteed bonds due 2026 (the "Bonds")

ISIN: XS1614096425

 

Notice of Early Redemption of Bonds at the Option of the Issuer

 

This notice is in respect of the Bonds which are constituted by the trust
deed, dated 1 June 2017 (as amended, supplemented or otherwise modified to the
date hereof, the "Trust Deed"), by and among the Issuer, Burford Capital
Limited, Burford Capital Finance LLC and Burford Capital Global Finance LLC,
as guarantors, and U.S. Bank Trustees Limited, as trustee (the "Trustee").
Capitalised terms used in this notice but not defined herein have the meanings
ascribed to them in the Trust Deed.

 

NOTICE IS HEREBY GIVEN in accordance with Condition 14 (Notices) that,
pursuant to Condition 8.3 (Redemption at the Option of the Issuer), the Issuer
intends to redeem the aggregate principal amount of the Bonds that remain
outstanding in full on January 30, 2026 (the "Repayment Date").

 

The redemption price payable in respect of the Bonds will be calculated in
accordance with Condition 8.3 (Redemption at the Option of the Issuer), being
the higher of (i) 100 per cent. of the principal amount of the Bonds and (ii)
the principal amount of the Bonds multiplied by the price, as reported to the
Issuer and the Trustee by the Financial Adviser, at which the Gross Redemption
Yield on the Bonds on the Make-Whole Reference Date (being January 27, 2026)
is equal to the Gross Redemption Yield (determined by reference to the middle
market price) at 11.00 a.m. (London time) on the Make-Whole Reference Date of
the Reference Bond (the 1.5 per cent. Treasury Stock due 2026), plus 1.00 per
cent., all as determined by the Financial Adviser.

 

The Issuer, after consultation with the Trustee, has appointed Allia C&C
(a brand name of City & Continental Limited) of Cheyne House, Crown Court,
62-63 Cheapside, London EC2V 6AX as the Financial Adviser pursuant to
Condition 8.3 (Redemption at the Option of the Issuer).

 

On the Repayment Date, the Issuer shall also pay any accrued but unpaid
interest on the Bonds up to (but excluding) the Repayment Date.

 

This notice is given by Burford Capital Limited ("Burford") on behalf of
Burford Capital plc and contains information that qualified or may have
qualified as inside information within the meaning of Article 7(1) of the UK
Market Abuse Regulation. For the purposes of the UK Market Abuse Regulation
and Article 2 of Commission Implementing Regulation (EU) 2016/1055 as it forms
part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018,
as amended, this notice is made by the directors of Burford Capital plc,
namely Craig Arnott, Philip Braverman, Leslie Paster and Michael Redman.

 

 

For further information, please contact:

 

 Burford Capital Limited
 For investor and analyst inquiries:
 Americas: Josh Wood, Head of Investor Relations - email                       +1 212 516 5824
 (mailto:jwood@burfordcapital.com)
 EMEA & Asia: Rob Bailhache, Head of EMEA & Asia Investor Relations -          +44 (0)20 3530 2023
 email (mailto:rbailhache@burfordcapital.com)
 For press inquiries:
 David Helfenbein, Senior Vice President, Public Relations - email             +1 646 504 7074
 (mailto:media@burfordcapital.com)

 Deutsche Numis - NOMAD and Joint Broker                                       +44 (0)20 7260 1000
 Giles Rolls
 Charlie Farquhar

 BofA Securities - Joint Broker                                                +44 (0)20 7628 1000
 Peter Luck
 David Lloyd

 Jefferies International Limited - Joint Broker                                +44 (0)20 7029 8000
 Graham Davidson
 James Umbers

 Berenberg - Joint Broker                                                      +44 (0)20 3207 7800
 Toby Flaux
 James Thompson

About Burford Capital

 

Burford Capital is the leading global finance and asset management firm
focused on law. Its businesses include litigation finance
(https://www.burfordcapital.com/) and risk management, asset recovery and a
wide range of legal finance and advisory activities. Burford is publicly
traded on the New York Stock Exchange (NYSE: BUR) and the London Stock
Exchange (LSE: BUR) and works with companies and law firms around the world
from its global network of offices.

 

For more information, please visit www.burfordcapital.com
(http://www.burfordcapital.com) .

 

 

This press release does not constitute an offer to sell or the solicitation of
an offer to buy any ordinary shares or other securities of Burford.

 

This press release does not constitute an offer of any Burford private fund.
Burford Capital Investment Management LLC, which acts as the fund manager of
all Burford private funds, is registered as an investment adviser with the
US Securities and Exchange Commission. The information provided in this press
release is for informational purposes only. Past performance is not indicative
of future results. The information contained in this press release is not, and
should not be construed as, an offer to sell or the solicitation of an offer
to buy any securities (including interests or shares in any of Burford private
funds). Any such offer or solicitation may be made only by means of a final
confidential private placement memorandum and other offering documents.

 

Forward-looking statements

 

This press release contains "forward-looking statements" within the meaning of
Section 27A of the US Securities Act of 1933, as amended, and Section 21E of
the US Securities Exchange Act of 1934, as amended, that are intended to be
covered by the safe harbor provided for under these sections. In some cases,
words such as "aim", "anticipate", "believe", "continue", "could", "estimate",
"expect", "forecast", "guidance", "intend", "may", "plan", "potential",
"predict", "projected", "should" or "will", or the negative of such terms or
other comparable terminology, are intended to identify forward-looking
statements. Although Burford believes that the assumptions, expectations,
projections, intentions and beliefs about future results and events reflected
in forward-looking statements have a reasonable basis and are expressed in
good faith, forward-looking statements involve known and unknown risks,
uncertainties and other factors, which could cause Burford's actual results
and events to differ materially from (and be more negative than) future
results and events expressed, projected or implied by these forward-looking
statements. Factors that might cause future results and events to differ
include, among others, those discussed in the "Risk Factors" section of
Burford's Annual Report on Form 10-K for the year ended December 31, 2024
filed with the US Securities and Exchange Commission on March 3, 2025. These
factors should not be construed as exhaustive and should be read in
conjunction with the other cautionary statements contained in the periodic and
current reports that Burford files with or furnishes to the US Securities and
Exchange Commission. Many of these factors are beyond Burford's ability to
control or predict, and new factors emerge from time to time. Furthermore,
Burford cannot assess the impact of each such factor on its business or the
extent to which any factor or combination of factors may cause actual results
and events to be materially different from those contained in any
forward-looking statement. Given these uncertainties, readers are cautioned
not to place undue reliance on Burford's forward-looking statements.

 

All subsequent written and oral forward-looking statements attributable to
Burford or to persons acting on its behalf are expressly qualified in their
entirety by these cautionary statements. The forward-looking statements speak
only as of the date of this press release and, except as required by
applicable law, Burford undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.

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