Welcome to our dedicated page for Burford Capital news (Ticker: BUR), a resource for investors and traders seeking the latest updates and insights on Burford Capital stock.
Burford Capital Limited (symbol: BUR) is a preeminent global finance and professional services firm with a singular focus on law. Listed on both the London Stock Exchange (LSE) and the New York Stock Exchange (NYSE), Burford has established itself as a trailblazer in the field of litigation finance, asset management, and legal advisory services. The company's core business revolves around providing capital to the legal industry, thereby facilitating the resolution of meritorious commercial disputes.
Burford's operations are segmented into two primary areas: Capital Provision and Asset Management and Other Services. The Capital Provision segment encompasses the direct funding of legal cases and investments in managed funds, while the Asset Management segment offers an array of services including litigation insurance, law firm lending, corporate intelligence, and judgment enforcement.
Over the years, Burford has secured over $500 million in capital commitments, aiding a diverse clientele that ranges from start-ups to major public corporations. Notably, Burford collaborates with more than half of the AmLaw 50 firms and many of the leading law firms in the UK. This extensive client reach underscores Burford's significant impact in legal finance and risk management.
Recent achievements for Burford include a landmark $16 billion judgment in a case against Argentina, emphasizing its prowess in high-stakes litigation finance. Additionally, Burford's inclusion in the Russell 3000® and 2000® Indexes marks its growing influence and recognition in the financial sector. The firm’s ongoing projects also involve innovative approaches to corporate finance solutions, as evidenced by a recent $325 million commitment with a Fortune 50 company.
Burford's comprehensive suite of services extends to risk transfer, asset recovery, and advisory activities, positioning it as a one-stop solution for legal finance needs. The company's strong financial health is reflected in its robust quarterly earnings and continuous expansion across key global markets including the United States, United Kingdom, Singapore, Hong Kong, China, and Australia.
With offices in major financial hubs such as New York, London, Chicago, Washington, DC, Singapore, Dubai, Sydney, and Hong Kong, Burford maintains a global footprint that enables it to serve clients effectively across different jurisdictions. As a publicly traded entity, Burford remains committed to transparency and stringent regulatory compliance, ensuring sustained growth and shareholder value.
On April 8, 2022, Burford Capital Limited announced share purchases by Chief Financial Officer Kenneth Brause and General Counsel Mark Klein. Brause acquired 5,280 shares, totaling 10,549 shares purchased since April 1, 2022. Klein purchased 2,696 shares. These transactions are part of Burford's employee deferred compensation plan, allowing employees to defer cash compensation into shares, thereby increasing their stake without immediate tax implications. This strategy promotes employee investment in Burford's future growth and aligns management interests with shareholders.
Burford Capital Limited announced the pricing of a private offering of $360 million in senior notes with a 6.875% interest rate due in 2030. This increase reflects a robust demand for the securities, which will be guaranteed by its wholly owned subsidiaries. The offering is expected to close on April 11, 2022. Funds from the offering will be utilized for general corporate purposes, primarily to repay existing indebtedness. The notes are structured for qualified institutional buyers and non-US persons.
Burford Capital Limited reports transactions by key managerial personnel, revealing details from its 2016 Long Term Incentive Plan. Significant grants and vestings occurred on April 5 and March 31, 2022, respectively. For example, Craig Arnott received 26,882 shares, while Christopher Bogart vested no shares but holds a total of 9,846,035 shares. The report also includes David Perla's purchase of 11,752 shares using his cash compensation. Additionally, Jonathan Molot transferred interests within family trusts, maintaining his overall share holding. Further information can be sourced from the company’s annual report.
Burford Capital announces a private offering of $350 million in senior notes due 2030. The offering is conducted by its wholly owned subsidiary, Burford Capital Global Finance LLC, and is subject to market conditions. The proceeds will be utilized for general corporate purposes, including potential debt repayment. Notably, the securities will not be registered under the US Securities Act and will only be offered to qualified institutional buyers and non-US persons. Burford is publicly traded under the ticker BUR on major exchanges.
Burford Capital Limited announced that its top executives, including CEO Christopher Bogart and CIO Jonathan Molot, invested $3 million in the company's stock between March 31 and April 1, 2022, through a deferred compensation plan. This brings Bogart and Molot's total investment to approximately $15 million since 2019, collectively controlling nearly 9% of Burford's shares. Additional investments are expected from other executives, including CFO Kenneth Brause and Co-COO David Perla. This strategy allows employees to defer cash compensation into Burford shares, enhancing their holdings.
Burford Capital has announced plans to purchase up to 600,000 ordinary shares, valued at approximately $5.5 million, to support its 2016 Long Term Incentive Plan and deferred compensation obligations. The share repurchases will be conducted on the open market as soon as practicable. This strategic move is aimed at fulfilling vested awards and enhancing the company's financial management. An announcement will follow the completion of each set of purchases.
Burford Capital reported its financial results for the year ending December 31, 2021, marking the first loss in its history amid significant new business. The firm generated over $1 billion in new commitments and deployed record capital from its balance sheet, despite slower case progression. As of year-end, Burford maintained solid liquidity and strong capital access, including the announcement of a $360 million private fund. Executives express optimism regarding the portfolio's potential, indicating that delays are timing-related and do not affect realizable values.
Burford Capital Limited (NYSE: BUR) has announced the successful close of a new $360 million private investment fund, the Burford Advantage Master Fund LP. This fund targets lower risk pre-settlement litigation investments with expected returns of 12-20% IRR. Burford retains any returns exceeding 10% after providing the first 10% to investors. With $300 million committed from institutional investors and a $60 million commitment from Burford, the fund's investment period runs until December 24, 2024.
Burford Capital Limited has announced its 2021 full-year results call scheduled for March 29, 2022, at 10 AM EDT. Investors and analysts are encouraged to pre-register through a dedicated link. The dial-in numbers for various locations are provided, along with an access code. A presentation of the results will be available on Burford's website. A replay of the call will be accessible until April 12, 2022. Burford specializes in litigation finance and is publicly traded as BUR on both the NYSE and LSE.
Burford Capital Limited has announced the disclosure date for its full year 2021 results on March 29, 2022, at 7:00 AM EDT. The company will also host a conference call for investors at 10:00 AM EDT on the same day, with further details to be provided later. Burford Capital, a leader in finance and asset management in the legal sector, operates globally and is publicly traded on both the NYSE and LSE under the ticker BUR.
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