Burford Capital Ltd (BUR)

Sep 21, 2026

Litigation funder Burford Capital has settled a lawsuit with its client, food distributor Harvest Sherwood, for $9.5 million. The lawsuit stemmed from Harvest Sherwood's bankruptcy, which complicated Burford's efforts to recoup a $35 million investment made to fund antitrust price-fixing lawsuits. A bankruptcy court had previously ruled that Burford did not have first-priority creditor status for the antitrust claim proceeds, leading to this settlement.

Sep 18, 2026

Burford Capital (BUR) has priced $300 million of 8% senior secured notes due 2029 to refinance $400 million of 6.25% unsecured notes due 2028. This move aims to extend maturity and slightly reduce the principal obligation by $100 million, though at a higher interest rate and with assets pledged as collateral. The success of this refinancing in strengthening the business will depend on cash generation from litigation investments and disciplined liquidity management.

Sep 14, 2026

Burford Capital (NYSE/LSE: BUR) plans a private offering of $300 million in senior secured notes due 2029 through its subsidiary, Burford Capital Global Finance LLC. The proceeds, combined with existing cash, will be used to fully redeem its $400 million 6.250% senior notes maturing in 2028, with the redemption targeted for September 24, 2026. This strategic refinancing aims to manage Burford's balance sheet by replacing existing debt with longer-term obligations.