Ogier has provided Guernsey legal advice to Burford Capital Limited (Burford Capital) on the private offering of US$400 million aggregate principal senior notes by its wholly owned subsidiary, Burford Capital Global Finance LLC.
The 6.25% senior notes due 2028 are guaranteed on a senior unsecured basis by Burford Capital as well as Burford Capital Finance LLC and Burford Capital PLC.
Partner Bryon Rees, who led the Ogier team, commented: "Following on quickly from Burford Capital becoming the first legal finance firm to be publicly traded in the United States and the first dual-listed company in the legal finance industry, we are delighted to support another successful Burford transaction. Burford has for a long time been a pioneer in this industry and continues to lead the way."
The Ogier team also included managing associate Michelle Watson Bunn and trainee Tehya Morgan, working with lead counsel in the United States Cravath, Swaine and Moore LLP, Burford Capital's English counsel, Freshfields Bruckhaus Deringer LLP, and White & Case LLP for the initial purchasers.
Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange (NYSE: BUR) and the London Stock Exchange (LSE: BUR), and it works with companies and law firms around the world from its principal offices in New York, London, Chicago, Washington, Singapore and Sydney.