Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Burford Capital ( (GB:BUR) ) has issued an announcement.
Burford Capital has launched a planned private offering of $450 million in senior unsecured notes due 2034 through its wholly owned subsidiary, Burford Capital Global Finance LLC, with the notes guaranteed on a senior unsecured basis by the parent company. The proceeds are earmarked primarily to redeem Burford’s 5.000% bonds maturing in 2026 and to support general corporate purposes, including potential repayment of other existing debt, a move that is set to extend the company’s debt maturity profile and streamline its capital structure by releasing certain legacy entities from guarantees on outstanding indebtedness; the securities will be sold only to qualified institutional and non-US professional investors under US and international securities regulations, underscoring Burford’s continued reliance on sophisticated capital markets financing to support its growth in legal finance.
The most recent analyst rating on (GB:BUR) stock is a Hold with a £718.00 price target. To see the full list of analyst forecasts on Burford Capital stock, see the GB:BUR Stock Forecast page.
Spark’s Take on GB:BUR Stock
According to Spark, TipRanks’ AI Analyst, GB:BUR is a Neutral.
Burford Capital’s overall score reflects a mixed outlook. The strong balance sheet and improved cash flow are positive, but operational challenges and bearish technical indicators weigh on the score. The earnings call and corporate events provide some optimism, but legal uncertainties and valuation concerns limit the upside.
To see Spark’s full report on GB:BUR stock, click here.
More about Burford Capital
Burford Capital is a leading global finance and asset management firm focused on the legal sector, providing litigation finance, risk management, asset recovery and a range of legal finance and advisory services. The company is dual-listed on the New York Stock Exchange and the London Stock Exchange and serves corporates and law firms worldwide through a network of international offices.
Average Trading Volume: 308,751
Technical Sentiment Signal: Sell
Current Market Cap: £1.52B
Find detailed analytics on BUR stock on TipRanks’ Stock Analysis page.