Burford Capital (NYSE: BUR) has closed a $300 million debt issuance and will use the proceeds, along with $100 million in cash on hand, to retire its April 2028 $400 million debt maturity in full, approximately 19 months ahead of schedule, according to a company statement dated Sept. 17, 2026.

The issuance, which was priced on Sept. 14, was reported to be approximately ten times oversubscribed. The transaction reduces Burford's total debt outstanding by $100 million and leaves the company with no debt maturity for more than three years.

Chief Executive Officer Christopher Bogart said in the statement: "This closes a noisy chapter. Certainly, the appellate decision in the YPF matter was surprising and disappointing – and wrong, in our view – and we will continue to pursue a positive outcome in the case, with a petition to the US Supreme Court being filed by the end of September."

Bogart added that nothing in the appellate decision affected the company's core business portfolio, which he said has continued to perform.

Following the retirement of the 2028 notes, Burford said it intends to pursue additional debt reduction, which may include open market purchases of outstanding debt on an opportunistic basis, subject to market conditions.

The company said the shorter-term issuance is expected to align with its April 2030 debt maturity. Burford is a litigation finance and asset management firm operating on the New York Stock Exchange and the London Stock Exchange.