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Burford Capital LTD (BUR), a $3.1 billion market cap litigation finance company currently trading below its InvestingPro Fair Value, reported that Vice Chair Perla David sold 7,000 ordinary shares of the company on July 9, 2025, for a total of $102,165. The shares were sold at a weighted average price of $14.595, in multiple transactions at prices ranging from $14.50 to $14.69. The company has demonstrated strong performance with a 17% return over the past six months.
Following the transaction, Perla David directly owns 80,172 ordinary shares of Burford Capital LTD.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 20, 2024.
In other recent news, Burford Capital Limited has announced a planned private offering of $400 million in senior notes due in 2033. These senior unsecured notes will be guaranteed by Burford Capital along with its subsidiaries, Burford Capital Finance LLC and Burford Capital PLC. The company intends to use the proceeds from this offering to repay its 6.125% bonds due in 2025 at maturity. Additionally, the remaining funds may be used for general corporate purposes, which could include the repayment of other existing debts such as the 5.000% bonds due in 2026. The securities will be offered to qualified institutional buyers under Rule 144A or to non-U.S. persons outside the United States under Regulation S. All prospective buyers must qualify as "Qualified Purchasers" under the U.S. Investment Company Act of 1940. This offering is subject to market and other conditions. The announcement does not serve as an offer to sell securities or a notice of redemption for the 2025 bonds or any other existing debt.
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