MSP Recovery entered into a letter agreement with Hazel Partners to obtain a $0.2 million one-time advance primarily for operating expenses. The funding was provided under the discretionary Operational Collection Floor of the company’s working capital credit facility and was funded on June 26, 2026. The advance does not reinstate or expand ongoing availability, and Hazel has no obligation to provide future funding. Management cautioned that the draw should not be viewed as an indicator of additional liquidity.
Agreement details:
- Agreement type: Letter agreement for $0.2 million discretionary advance under working capital credit facility
- Counterparty: Hazel Partners Holdings
- Signed / Effective: Jun 26 2026 / Jun 26 2026
- Duration / Termination: At will
- Reason: Provide limited liquidity for operating expenses
Original SEC Filing:
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