Latest news with #BurfordCapital
Bloomberg
19 hours ago
- Business
- Bloomberg
YPF Plaintiffs Embark on ‘Treasure Hunt' for Argentine Gold
A lawyer representing former YPF SA shareholders told a judge in New York that they're on a 'treasure hunt' for gold bars Argentina's central bank secretly sent abroad last year. The shareholders, backed by litigation funding firm Burford Capital, are trying to collect on a $16 billion court judgment resulting from the nation's 2012 nationalization of YPF. US District Judge Loretta Preska ruled Tuesday that Argentina needed to turn over relevant text messages and emails from Economy Minister Luis Caputo and others.
Yahoo
a day ago
- Business
- Yahoo
Burford Capital Limited (BUR) Completes $500 Million Debt Offering
Burford Capital Limited (NYSE:BUR) is included in our list of the . A modern office building, showcasing the industry leading finance and taxation services provided by the company. On July 11, 2025, Burford Capital Limited (NYSE:BUR) bolstered its financial health with the successful issuance of $500 million in senior notes. The company's leadership cited the move as a critical step in its growth. It highlighted that high investor demand allowed the company to increase the deal size, while securing its best-ever interest rate to date-7.50% on an eight-year period, compared to U.S. government bonds. This capital raise positions Burford Capital Limited (NYSE:BUR) to repay 2025 maturing bonds and achieve its broader corporate goals, including the potential early retirement of 2026 debt. Burford Capital Limited (NYSE:BUR) is a global finance and asset management firm, specializing in litigation finance, asset recovery, and legal risk management solutions. It continues to be on our list of the most undervalued stocks. While we acknowledge the potential of BUR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 14 Cheap Transportation Stocks to Buy According to Analysts and 10 Cheap Lithium Stocks to Buy According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
2 days ago
- Business
- Bloomberg
US Judge Orders Argentina's Economy Minister to Turn Over YPF Texts
Argentina was ordered by a US judge to turn over top officials' Gmail, WhatsApp and Signal messages to Burford Capital, the litigation funding firm trying to collect a $16 billion judgment against the South American nation. US District Judge Loretta Preska said Tuesday that Burford was entitled to messages from Economy Minister Luis Caputo and several former officials. She noted that the Argentine press has reported on the widespread use of unofficial apps by President Javier Milei and his circle to transact government business.
Bloomberg
18-07-2025
- Business
- Bloomberg
Argentina Says It Won't Negotiate With Burford Over YPF Shares
Argentina won't negotiate with Burford Capital, the firm leading efforts to collect a $16 billion judgment against the South American nation, a spokesman for President Javier Milei told reporters Friday. The spokesman, Manuel Adorni, also denied that the government had held any secret talks. 'Argentina will not negotiate with the plaintiffs and categorically denies any malicious discussion of parallel meetings or secret agreements,' he said.
Reuters
15-07-2025
- Business
- Reuters
US appeals court puts Argentina's 51% YPF stake turnover on temporary hold
NEW YORK, July 15 (Reuters) - A U.S. appeals court on Tuesday put on temporary hold a judge's order that Argentina turn over its 51% stake in oil and gas company YPF ( opens new tab to partially satisfy a $16.1 billion judgment. The 2nd U.S. Circuit Court of Appeals in Manhattan gave Petersen Energia Inversora and Eton Park Capital Management, which won the judgment, until July 17 to oppose Argentina's bid for a longer stay while the country appeals the turnover. Argentina has until July 22 to reply, and the matter will be reviewed by "the next available" three-judge panel, the appeals court said. The dispute stemmed from Argentina's 2012 seizure of the YPF stake from Spain's Repsol ( opens new tab without making a tender offer to Petersen and Eton Park, which had been minority shareholders. Those shareholders are represented by litigation funder Burford Capital (BURF.L), opens new tab, which has said it expected to receive 35% and 73% of Petersen's and Eton Park's respective damages. Argentina has warned its economy could be destabilized if it gave up its controlling stake in YPF, the country's largest energy company. The country had faced a July 14 deadline for the turnover, but U.S. District Judge Loretta Preska in Manhattan agreed to delay enforcement so Argentina could seek relief from the appeals court.
