Ogier Legal Guernsey advises Burford Capital on USD150 million bond issue
Ogier has provided Guernsey legal advice to Burford Capital on the raising of USD150 million through an issue of retail bonds on the London Stock Exchange by Burford Capital PLC.
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.
Christopher Bogart, Burford Capital's chief executive, says: "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."
Simpson says: "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."
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