REG - Burford Capital Ltd Burford CapitalBUR1 - Pricing of Early Redemption of Bonds Due 2022

Burford CapitalAnnouncement

20/05/2022 16:30

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RNS Number : 3219M  Burford Capital Limited  20 May 2022

 

20 May 2022

 

SEE "IMPORTANT INFORMATION" BELOW.

 

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

Burford Capital plc (the "Issuer")

£90,000,000 6.50 per cent. guaranteed bonds due 2022 (the "Bonds")

ISIN: XS1088905093

 

This notice is in respect of the Bonds which are constituted by the trust
deed, dated 19 August 2014 (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.

This notice is being given further to the notice, dated 10 May 2022 (the
"Original Notice"), notifying the Bondholders 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 25
May 2022 (the "Repayment Date").

NOTICE IS HEREBY GIVEN in accordance with Condition 14 (Notices) that,
pursuant to Condition 8.3 (Redemption at the Option of the Issuer), the
redemption price payable in respect of the Bonds is 101.050 per cent. per
£100 principal amount of the Bonds (the "Redemption Price"). The Redemption
Price shall be paid together with any accrued but unpaid interest on the Bonds
up to (but excluding) the Repayment Date, such amount being equal to £101.050
per £100 principal amount of the Bonds.

The Redemption Price has been calculated in accordance with Condition 8.3
(Redemption at the Option of the Issuer) and in the manner specified by the
Issuer in the Original Notice.

This notice is given by Burford Capital Limited ("Burford") on behalf of
Burford Capital plc.

 

 

For further information, please contact:

 

 Burford Capital Limited
 For investor and analyst inquiries:
 Robert Bailhache, Head of Investor Relations, EMEA and Asia - email  +44 (0)20 3530 2023
 (mailto:rbailhache@burfordcapital.com)
 Jim Ballan, Head of Investor Relations, Americas - email             +1 (646) 793 9176
 (mailto:JBallan@burfordcapital.com)
 For press inquiries:
 David Helfenbein, Vice President, Public Relations - email           +1 (212) 235 6824
 (mailto:dhelfenbein@burfordcapital.com)

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

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

 

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 it works with companies and law firms around the
world from its principal offices in New York, London, Chicago, Washington, DC,
Singapore, Sydney and Hong Kong.

 

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

 

 

Important information

This notice does not constitute, or form a part of, any offer or invitation to
sell or issue, or any solicitation of any offer to purchase or subscribe for
any shares or any other securities nor shall it (or any part of it) or the
fact of its distribution, form the basis of, or be relied on in connection
with, any contract therefor.

 

Forward-looking statements

This notice contains "forward-looking statements" within the meaning of
Section 21E of the US Securities Exchange Act of 1934, as amended, regarding
assumptions, expectations, projections, intentions and beliefs about future
events. These statements are intended as "forward-looking statements". In some
cases, predictive, future-tense or forward-looking 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,
but are not the exclusive means of identifying such statements. In addition,
Burford and its representatives may from time to time make other oral or
written statements which are forward-looking statements, including in
Burford's periodic reports that Burford files with, or furnishes to, the US
Securities and Exchange Commission, other information sent to its security
holders and other written materials. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other factors
because they relate to events and depend on circumstances that may or may not
occur in the future. Burford cautions you that forward-looking statements are
not guarantees of future performance and are based on numerous assumptions,
expectations, projections, intentions and beliefs and that Burford's actual
results of operations, including its financial position and liquidity, and the
development of the industry in which it operates, may differ materially from
(and be more negative than) those made in, or suggested by, the
forward-looking statements contained in this notice. Significant factors that
may cause actual results to differ from those Burford expects include those
discussed under "Risk Factors" in its Annual Report on Form 20-F filed with
the US Securities and Exchange Commission on March 29, 2022 and other reports
or documents that Burford files with, or furnishes to, the US Securities and
Exchange Commission from time to time. In addition, even if Burford's results
of operations, including its financial position and liquidity, and the
development of the industry in which it operates, are consistent with the
forward-looking statements contained in this notice, those results of
operations or developments may not be indicative of results of operations or
developments in subsequent periods.

Except as required by law, Burford undertakes no obligation to update or
revise the forward-looking statements contained in this notice, whether as a
result of new information, future events or otherwise.

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