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Burford Capital ( (GB:BUR) ) has issued an update.
Burford Capital has priced and upsized a private offering of $500 million in 8.500% senior notes due 2034, issued by its wholly owned subsidiary Burford Capital Global Finance LLC and guaranteed on a senior unsecured basis by the parent company. The proceeds will be used primarily to redeem Burford’s existing 5.000% bonds maturing in 2026 and for general corporate purposes, including potential repayment of other indebtedness, signaling an active refinancing strategy to extend its debt maturity profile and potentially strengthen its capital structure while limiting the offer to qualified institutional and non-retail investors in key markets.
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, legal 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 corporations and law firms worldwide through a network of international offices.
Average Trading Volume: 307,660
Technical Sentiment Signal: Sell
Current Market Cap: £1.52B
For a thorough assessment of BUR stock, go to TipRanks’ Stock Analysis page.