Burford Capital

Through its subsidiary Burford Capital Global Finance LLC, Burford Capital has placed senior secured notes totaling USD 300m with an 8.00% coupon maturing in 2029. The securities are secured by substantially all assets of the finance subsidiary and equity interests in certain subsidiaries and are guaranteed by Burford. Net proceeds and cash will be used to repay existing senior notes (6.25% coupon, maturing 2028); the offering was made to qualified institutional buyers under Rule 144A and to non‑US persons under Regulation S, with closing expected on Wednesday. » Więcej na de.investing.com

Burford Capital reported Q1 2026 EPS of -5.36 USD and revenue of -1.72 billion USD, with both metrics well below expectations. The shortfall was due to a significant non‑cash write‑down on the YPF asset. Liquidity remains robust at 740 million USD, but leverage stands at 3.5x. The stock fell about 7.75% in premarket trading and later partially recovered. » Więcej na de.investing.com

Burford Capital said a U.S. Appeals Court decision on YPF could force fair-value marks that trigger net-worth requirements and limit future debt issuance, potentially altering growth plans. Wedbush downgraded the stock to Neutral and cut its target to $4.75 after the statement, while Deutsche Bank trimmed its target to $15 but kept a Buy rating, citing significant upside. Analysts flag heightened legal and financial risks, yet some view the shares as materially oversold given current levels. Burford provides legal finance and litigation funding services globally. » Więcej na finance.yahoo.com

A U.S. appeals court has overturned a $16.1 billion judgment against Argentina related to the nationalization of YPF. Burford Capital, the financer of the lawsuit, would have been awarded a large portion of the claim had the ruling been upheld; the claim, including interest, had grown to about $18 billion. After the decision, Burford Capital’s shares fell more than 36% following several trading suspensions. » Więcej na de.investing.com

Burford Capital says president Aviva Will will move to the position of vice chair and resign from the board effective March 11. The two-year contract signed on March 3 provides a base salary of USD 1,000,000 per year, participation in benefit programs, a retention payment of USD 1,762,984.88, and RSU awards with a total value of USD 300,000 plus 4,240 RSUs. For 2025 she will be granted carried interest at the same level as in 2024; if her employment is terminated without good reason she is entitled to a cash severance (at least USD 1,000,000) and twelve months of group health insurance. The contract includes confidentiality, non‑disparagement, non‑compete and non‑solicitation clauses. » Więcej na de.investing.com