Burford Capital Limited, the world’s largest litigation financing company, announced on Tuesday that it had raised 90 million pounds—or $150 million—through a first-of-its-kind bond offering on the London Stock Exchange. With the new capital raised in the offering by Burford’s U.K. subsidiary, the company said its war chest of assets under management now exceeds $500 million.

Burford CEO Christopher Bogart told us Tuesday that the offering was initially set for 75 million pounds, but the target was raised because so many investors expressed interest. Even at 90 million pounds, the offering (eight-year bonds paying a fixed rate of 6.5 percent) was oversubscribed. The company intends to invest the funds raised in additional litigation matters.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]