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Burford Capital Update on Successful Capital Raise

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NEW YORK, Sept. 17, 2026 /PRNewswire/ — Burford Capital Limited (“Burford”), the leading global finance and asset management firm focused on law, today provides the following update.

Burford has now closed its $300 million debt issuance announced and priced on Monday, September 14, and provides commentary on that issuance and its future balance sheet plans.

Monday’s issuance – which was achieved in less than six hours – was well-received by the market. The order book was around ten times oversubscribed, and the coupon was materially reduced from initial indications.

Burford will use all $300 million of new capital along with a further $100 million from our cash on hand to retire next week the April 2028 $400 million debt maturity in full.

Taken together, these actions reduce Burford’s total debt outstanding by $100 million, retire the Company’s nearest debt maturity nineteen months ahead of schedule and leave Burford with more than three years until its next debt maturity.

In recent months, investor attention has largely re-focused on the sound fundamentals of our cash-generative core business. However, while credit spreads on Burford’s debt have tightened meaningfully, they were not yet at a level where a traditional long-term refinancing of the forthcoming 2028 maturity was attractive – and addressing that maturity now lets the market to move past its focus on it. Moreover, this transaction is part of Burford’s publicly announced goal to de-lever over time, and the minimum size imposed by the market for a traditional and liquid longer-term refinancing issuance would not have been consistent with that goal.

Instead, this transaction captured a more attractive coupon with a shorter-term issuance, which will also line up nicely with the April 2030 debt maturity, which Burford believes will support more traditional refinancings in the future at the appropriate time.

In the interim, Burford also intends to engage in additional de-leveraging transactions following next week’s redemption of Burford’s 2028 notes, which may include open market purchases of outstanding debt, on an opportunistic basis and subject to market conditions, while also continuing to grow its core business.

Christopher Bogart, Burford’s Chief Executive Officer, commented:

“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. But nothing in that decision touched our core business – the large portfolio of assets we look to for our returns and our debt service – and that portfolio has continued to perform.

We trust that the removal of this final distraction – a near-term debt maturity – and the overwhelming support for our new issue will now allow the market to focus entirely on the long-term value of this business, which for 17 years has been producing high returns on its investments and has brought back nearly $4 billion of cash for the balance sheet, with billions more to come.”

About Burford Capital

Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange (NYSE: BUR) and the London Stock Exchange (LSE: BUR) and works with companies and law firms around the world from its global network of offices.

For more information, please visit www.burfordcapital.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any ordinary shares or other securities of Burford.

This press release does not constitute an offer of any Burford private fund. Burford Capital Investment Management LLC, which acts as the fund manager of all Burford private funds, is registered as an investment adviser with the US Securities and Exchange Commission. The information provided in this press release is for informational purposes only. Past performance is not indicative of future results. The information contained in this press release is not, and should not be construed as, an offer to sell or the solicitation of an offer to buy any securities (including interests or shares in any of Burford private funds). Any such offer or solicitation may be made only by means of a final confidential private placement memorandum and other offering documents.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended, that are intended to be covered by the safe harbor provided for under these sections. In some cases, words such as “aim”, “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “forecast”, “guidance”, “intend”, “may”, “plan”, “potential”, “predict”, “projected”, “should” or “will”, or the negative of such terms or other comparable terminology, are intended to identify forward-looking statements. Although Burford believes that the assumptions, expectations, projections, intentions and beliefs about future results and events reflected in forward-looking statements have a reasonable basis and are expressed in good faith, forward-looking statements involve known and unknown risks, uncertainties and other factors, which could cause Burford’s actual results and events to differ materially from (and be more negative than) future results and events expressed, projected or implied by these forward-looking statements. Factors that might cause future results and events to differ include, among others, those discussed in the “Risk Factors” section of Burford’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the US Securities and Exchange Commission on February 26, 2026, and in Burford’s subsequent Quarterly Reports on Form 10-Q. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements contained in the periodic and current reports that Burford files with or furnishes to the US Securities and Exchange Commission. Many of these factors are beyond Burford’s ability to control or predict, and new factors emerge from time to time. Furthermore, Burford cannot assess the impact of each such factor on its business or the extent to which any factor or combination of factors may cause actual results and events to be materially different from those contained in any forward-looking statement. Given these uncertainties, readers are cautioned not to place undue reliance on Burford’s forward-looking statements.

All subsequent written and oral forward-looking statements attributable to Burford or to persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements speak only as of the date of this press release and, except as required by applicable law, Burford undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE Burford Capital Limited

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Accordia Bank Launches HSA+ Nationwide as New Law Expands HSA Eligibility to Millions.

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September 17, 2026

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PLEASANT GROVE, Utah, Sept. 17, 2026 /PRNewswire/ — Accordia Bank today announced the nationwide launch of Accordia HSA+, a full-service consumer-directed healthcare platform offering Health Savings Accounts and related benefit accounts to consumers and employers throughout the United States including distribution through benefits brokers and advisors.

The launch arrives as the health savings account market undergoes its most significant eligibility expansion since HSAs were created in 2003. Under the One Big Beautiful Bill Act, Bronze and Catastrophic health plans are treated as HSA-compatible beginning January 1, 2026. 35 percent of plans offered on HealthCare.gov qualify as HSA-eligible for the 2026 plan year, compared with 4 percent a year earlier.

“Eligibility just expanded to millions of people who have never had access to a Health Savings Account, and Accordia is in the market to serve these customers with best of breed products” said Matt Field, President of Accordia Bank. ” We built Accordia HSA+ because employers and their advisors tell us two things about the incumbents: the fees are hard to justify, and nobody answers the phone. We are a bank, not an administrator that partners with a bank, so we can price the account differently and we have a long legacy of personalized customer service.”

Accordia HSA+ provides the complete consumer-directed benefits suite: health savings accounts, health FSAs, limited purpose FSAs, dependent care FSAs, Health Reimbursement Arrangements, commuter benefits, lifestyle spending accounts, and COBRA administration. Participants receive a benefits debit card, mobile and web account access, and access to an investment platform once their account reaches the investment threshold of $1,000. Employers receive a single implementation, consolidated administration across all account types, and high service standards.

One major benefit for consumers and employers is that Accordia Bank’s Health Savings Account carries no monthly administration fee.

“An advisor’s reputation is on the line every time they recommend a vendor, and the thing that damages it is not price; it is a transition that goes badly,” said Heidi Maestas, Senior Vice President of Client Experience and Growth at Accordia Bank. “So, we built HSA+ around the handoff. One implementation across every account type, published service standards an advisor can hold us to, and a U.S.-based team that knows the group.”

“Our product suite has grown over the past several years by finding places where a well-run bank can compete with much larger institutions,” said Mike Watson, Chief Executive Officer of Accordia Bank. “Health Savings Accounts are exactly that kind of place. The product is a deposit product at its core, and deposits are what banks are built to do. What HSA+ adds is access to a one-stop shop for the full suite of consumer-directed benefits and administration that brokers and employers need”

Accordia HSA+ is available now for employer groups nationwide, including January 1, 2027, effective dates. Benefits brokers and consultants interested in the Accordia HSA+ advisor program can contact Wendy Dampier, HSA Solutions Advisor, at wendy.dampier@accordia.bank; or Reggie Harwell, HSA Solutions Advisor at reggie.harwell@accordia.bank, or visit https://accordia.bank/banking/business-banking/business-hsa.

For media inquiries, please contact:

Lee Lamb, SVP Marketing & Brand | lee.lamb@accordia.bank 

 About Accordia Bank –

Founded in 1993, Accordia Bank is a financial institution headquartered in Pleasant Grove, Utah, with approximately $1.6 billion in assets. Through Accordia HSA+, the bank serves consumers, employers and benefits advisors nationwide as a Health Savings Account custodian and administrator of consumer-directed benefit accounts. Accordia Bank also provides commercial, agricultural, small business, and construction lending. Accordia Bank is a division of Quill Bank. Member FDIC | Equal Housing Lender. Online: https://accordia.bank.

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SOURCE Accordia Bank

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Lawrence Semiconductor Names Don Garrison General Manager and Chief Operating Officer

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September 17, 2026

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Former Littelfuse semiconductor operations executive brings direct epitaxy leadership to the Tempe manufacturer of engineered silicon and germanium materials as it expands to meet growing demand

TEMPE, Ariz., Sept. 17, 2026 /PRNewswire/ — Lawrence Semiconductor, a U.S.-owned manufacturer of engineered silicon and germanium epitaxial materials, today announced that Don Garrison has joined as General Manager and Chief Operating Officer. Garrison reports to Chief Executive Officer Ali Torabi and leads manufacturing, engineering, quality and customer delivery as the company expands capacity to meet growing demand from photonics, sensing, quantum computing and defense customers.

As a merchant epitaxy foundry, Lawrence manufactures the engineered layers that customers use as starting material for advanced microelectronic, photonic and sensing devices. Its portfolio includes specialized silicon, germanium, silicon-germanium (SiGe), germanium-tin (GeSn) and isotopically enriched silicon-28 epitaxial materials for photonics, sensing, quantum computing, defense and other advanced semiconductor applications. Lawrence is the only merchant source in the United States for production GeSn and silicon-28 epitaxy and one of very few in the world.

“Lawrence makes advanced materials that very few companies in the world can produce, and our customers build their most demanding devices on them,” said Ali Torabi, chief executive officer. “Don has run semiconductor manufacturing at far larger scale, and he has run epitaxy, which is rare. With him leading operations, we can invest in capacity with confidence and scale to meet the industry’s rapidly growing need for specialty foundry services.”

Garrison brings more than 25 years of semiconductor manufacturing leadership. He most recently served as Vice President of Global Operations for the Semiconductor Business Unit at Littelfuse, directing manufacturing, engineering and supply chain across eight fabrication, assembly and test sites and an organization of more than 2,500 people.

Previously he was Director of Fab Operations at NXP Semiconductors in Chandler, Arizona, and led manufacturing excellence initiatives at GlobalFoundries during a high-growth factory startup. Earlier he spent more than a decade at Intel Corporation in technical and manufacturing roles. He has led epitaxial deposition operations directly at multiple companies and lives in the Phoenix area.

“I have run epitaxy before, and it is one of the most unforgiving processes in semiconductor manufacturing. Lawrence has been doing it well for more than 30 years,” said Garrison. “My job is to scale the operation to meet demand without compromising the quality and reliability our customers depend on.”

Lawrence operates a Class 100 cleanroom in Tempe with 14 epitaxial reactors running around the clock. The company is ISO 9001:2015 certified, is certified under the Department of Defense Joint Certification Program and is implementing IATF 16949 to support automotive and high-reliability production programs.

A high-resolution photo of Don Garrison is available on request.

About Lawrence Semiconductor

Lawrence Semiconductor Research Laboratory, Inc. is a privately held, U.S.-owned specialty semiconductor materials manufacturer headquartered in Tempe, Arizona. Founded in 1992, the company supplies custom silicon and germanium epitaxial materials to customers from early research through high-volume production. Its customers span silicon photonics, infrared sensing, power electronics, optical interconnect, quantum computing and defense. For more information, visit lawrencesemi.com.

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SOURCE Lawrence Semiconductor

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Crypto Options Approach Half of Bitcoin Derivatives Market as Bybit Captures 28% of Tracked Volume, Glassnode Report Finds

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September 17, 2026

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New Glassnode x Bybit research highlights structural shift toward options, with Bybit leading tracked Ether options for 143 consecutive days and tokenized gold perpetuals for 476 days

DUBAI, UAE, Sept. 18, 2026 /PRNewswire/ — Crypto derivatives markets are becoming more sophisticated as options take on a larger role in how traders manage and price risk, according to a new report from digital assets data provider Glassnode, produced in partnership with Bybit.

The State of Crypto Derivatives identifies a structural shift in the crypto-native Bitcoin derivatives market, with options increasing their share of notional open interest from roughly 25% to nearly 50% over the period studied. At the same time, dated futures have increasingly given way to perpetuals, reshaping how market participants gain and manage exposure.

The report draws on Glassnode’s venue-resolved derivatives and market data across the crypto-native market, individual venues and Bybit’s own derivatives book.

“Ether makes up about a third of Bybit’s Options Volume over the past 90 days, the highest Ether share of the four venues in the panel. The Ether options market has found a second venue of size,” said Frederik Theissen, Head of Research at Glassnode.

Options become a core part of crypto derivatives

Options have gained market share across four of the five market regimes examined since 2019, with their fastest growth occurring during the prolonged bear market.

The trend is significant because it suggests the growth of options is not simply a product of rising prices or speculative activity. Instead, market participants increasingly appear to be using options to manage downside, express views on volatility, and price specific market events.

Meanwhile, dated futures have increasingly given way to perpetual contracts, reinforcing the broader evolution of crypto derivatives toward instruments that offer more flexible and continuous exposure.

“Dated futures have all but left the crypto-native market: their volume sits about 97% below where it was in 2021. Leverage moved into perpetuals and risk pricing moved into options, whose volume runs more than three times higher than it did then,” added Frederik.

Bybit’s Bitcoin options share nearly triples

As the options market has expanded, Bybit has significantly increased its share of trading activity.

Glassnode’s data shows that Bybit’s share of the four-venue Bitcoin options volume pool rose from less than 10% to 28%, nearly tripling over the reporting period.

The growth has been driven by active turnover rather than simply the accumulation of open positions. Bybit’s options book turns over in days, compared with weeks for the largest book in the tracked panel.

This distinction highlights an important feature of a mature derivatives market: liquidity is not only about the amount of open interest held on a venue, but also how actively that liquidity is traded and recycled.

Bybit leads Ether options and tokenized gold

Bybit’s options activity extends beyond Bitcoin. The report finds that Bybit recorded the highest Ether options trading volume among the four tracked venues for 143 consecutive days. Glassnode confirmed the leadership using coin-denominated volumes as well as dollar values, reducing the impact of Ether price movements on the comparison.

Ether now accounts for approximately one-third of Bybit’s total options volume.

Bybit has also established a leading position in tokenized commodity derivatives. Measured in ounces, its tokenized-gold perpetual book has remained the largest among the crypto venues tracked by Glassnode for 476 consecutive days.

In gold options, Bybit accounted for 97.1% of open interest across the tracked venues.

Together, the figures point to a derivatives platform with growing depth across crypto-native assets and tokenized commodities, as traders increasingly use a broader range of instruments to manage risk and express market views.

Bybit’s options book grows more than fourfold

Bybit’s own options market has expanded substantially alongside the wider market.

According to the report, Bybit’s options book reached $2.33 billion, up from $529 million during its first month.

The growth has not been linear. Options initially represented a smaller share of Bybit’s derivatives activity during the rapid expansion of perpetual contracts, before rebuilding as demand for more sophisticated risk-management instruments increased.

The resulting U-shaped pattern broadly mirrors the wider market’s rotation back toward options.

“The derivatives market is becoming more sophisticated. Traders are increasingly using options not simply to take directional positions, but to express views on volatility, manage downside, and price specific events,” said Sean Ballard, Head of Derivatives and Institutional Business at Bybit.  “The data shows this is becoming a structural part of the market, and Bybit is building the liquidity, breadth, and infrastructure needed for the next stage of growth.”

“Bybit is leading the way in market evolution by aligning options with where price discovery and volume really live. By introducing options on perpetual contracts, we are bringing an industry-first innovation to the market, and we believe this should be a game changer for the growth and development of market structure,” added Sean.

Building the next generation of derivatives markets

The findings highlight a broader evolution in crypto trading. As options become a larger part of the market, competitive differentiation will increasingly depend on liquidity, breadth of instruments, and the infrastructure required to serve both professional and individual traders.

Bybit’s growing options market reflects this convergence, with expanding activity across Bitcoin and Ether and established depth in tokenized-gold derivatives.

Methodology: The State of Crypto Derivatives is based on Glassnode’s venue-resolved derivatives and market data, current as of the settled close of August 23, 2026. Venue coverage varies by metric and reflects the venues tracked by Glassnode. The options analysis covers four crypto-native venues. The futures analysis covers the offshore venues tracked by Glassnode and excludes CME, and the tokenized-gold analysis covers the crypto venues tracked by Glassnode.

The full report is available here.

#Bybit  / #NewFinancialPlatform

About Bybit

Bybit is The New Financial Platform.

We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.

Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.

Built for everyone. Powered by intelligence. Open to the world.

Learn more at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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SOURCE Bybit

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