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Dienstag, 29.07.2014 17:25 von | Aufrufe: 167

Burford Capital Raises Additional $150 Million

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PR Newswire

NEW YORK and LONDON, July 29, 2014 /PRNewswire/ -- Burford Capital Limited ("Burford"), the world's largest provider of investment capital and risk solutions for litigation, announced today that it had raised a further $150 million to deploy in its litigation finance activities through an issue of bonds on the main market of the London Stock Exchange, by Burford Capital PLC, its UK financing subsidiary.

Burford intends to use the proceeds, which brings its cash on hand to more than $200 million, to continue the growth of its litigation finance business.  There continues to be strong demand for Burford's capital in the legal market, as shown by Burford's recent announcement of $62 million in new commitments in the first six months of 2014.

Burford provides a wide variety of corporate financing to litigation and arbitration matters, enabling commercial clients to unlock the asset value of their pending claims and raise capital to pursue them.  Burford considers matters at any stage of proceeding, including providing capital against successful settlements and trial results that are awaiting further proceedings or payment.  Burford operates in the US, the UK and in the international arbitration market, and considers matters from clients anywhere in the world.

Christopher Bogart, Burford's Chief Executive, commented:  "This latest capital brings Burford's asset base above a half-billion dollars.  We are very pleased with the market response to our bond issue and we now look forward to committing this additional capital, and continuing to work with our existing clients while also continuing to broaden the reach of Burford's corporate financing solutions."

The bonds have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered and sold in the United States absent registration or an applicable exemption from registration.

For further information, please contact:

FTI Consulting - PR for Burford Capital
Edward Berry     +44 (0)20 3727 1046
Laura Ewart       +44 (0)20 3727 1160


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About Burford Capital

Burford Capital is the world's largest provider of investment capital and risk solutions for litigation with the largest and most experienced dedicated team in the industry. Burford is publicly traded on the London Stock Exchange's AIM market under the ticker symbol BUR. Burford provides a broad range of corporate finance and insurance solutions to lawyers and clients engaged in significant litigation and arbitration around the world.

For more information about Burford, visit www.burfordcapital.com

SOURCE Burford Capital

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