Ogier has provided Guernsey legal advice to Burford Capital Limited on the raising of $150 million through an issue of retail bonds on the London Stock Exchange by Burford Capital PLC, a subsidiary of Burford Capital. Payments in respect of the bonds are guaranteed by Burford Capital.
William Simpson (partner) and Bryon Rees (managing associate) led the Ogier Guernsey team, assisted by Alexandria Gaudion (associate), and worked with lead counsel for Burford Capital, Freshfields Bruckhaus Deringer LLP.
Christopher Bogart, Burford Capital's chief executive, commented: "This latest capital brings Burford's asset base above a half-billion dollars. We are very pleased with the market reception to our bond issue and we now look forward to committing this additional capital, and continuing to work with our existing clients while also continuing to broaden the reach of Burford's corporate financing solutions."
William Simpson said "Burford are well known and highly regarded for their expertise in litigation funding. We were delighted to be asked to assist with this project and to continue to represent Burford as its lead offshore counsel."
Burford is the world's largest provider of investment capital and risk solutions for litigation. It provides a variety of corporate financing to litigation and arbitration matters, enabling commercial clients to unlock the asset value of their pending claims and raise capital to pursue them. It operates in the United States, the United Kingdom and in the international arbitration market, and considers matters from clients anywhere in the world.