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Pricing of Early Redemption of Bonds Due 2022
Pricing of Early Redemption of Bonds Due 2022.
About this update from Burford Capital Limited
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n 20 May 2022\n \n \n \n \n \n \n \n \n \n SEE \"IMPORTANT INFORMATION\" BELOW.\n \n \n \n \n \n \n \n \n \n Notice of Early Redemption of Bonds at the Option of the Issuer-Pricing\n \n \n \n \n Burford Capital plc (the \"Issuer\")\n \n \n \n \n £90,000,000 6.50 per cent. guaranteed bonds due 2022 (the \"Bonds\")\n \n \n \n \n ISIN: XS1088905093\n \n \n \n \n \n \n \n \n This notice is in respect of the Bonds which are constituted by the trust deed, dated 19 August 2014 (as amended, supplemented or otherwise modified to the date hereof, the \"Trust Deed\"), by and among the Issuer, Burford Capital Limited, Burford Capital Finance LLC and Burford Capital Global Finance LLC, as guarantors, and U.S. Bank Trustees Limited, as trustee (the \"Trustee\"). Capitalised terms used in this notice but not defined herein have the meanings ascribed to them in the Trust Deed.\n \n \n This notice is being given further to the notice, dated 10 May 2022 (the \"Original Notice\"), notifying the Bondholders that, pursuant to Condition 8.3 (Redemption at the Option of the Issuer), the Issuer intends to redeem the aggregate principal amount of the Bonds that remain outstanding in full on 25 May 2022 (the \"Repayment Date\").\n \n \n \n NOTICE IS HEREBY GIVEN\n \n in accordance with Condition 14 (Notices) that, pursuant to Condition 8.3 (Redemption at the Option of the Issuer), the redemption price payable in respect of the Bonds is 101.050 per cent. per £100 principal amount of the Bonds (the \"Redemption Price\"). The Redemption Price shall be paid together with any accrued but unpaid interest on the Bonds up to (but excluding) the Repayment Date, such amount being equal to £101.050 per £100 principal amount of the Bonds.\n \n \n The Redemption Price has been calculated in accordance with Condition 8.3 (Redemption at the Option of the Issuer) and in the manner specified by the Issuer in the Original Notice.\n \n \n This notice is given by Burford Capital Limited (\"Burford\") on behalf of Burford Capital plc.\n \n \n \n \n \n \n \n \n \n \n \n \n \n For further information, please contact:\n \n \n \n \n \n \n \n \n \n \n \n \n \n Burford Capital Limited\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n For investor and analyst inquiries:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n ...