{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-007356","form_type":"8-K","ticker":"MSPR","cik":"0001802450","company_name":"MSP Recovery, Inc.","filed_at":"2023-03-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.632014+00:00","generated_at":"2026-06-18T05:43:15.691871+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"MSP Recovery subsidiary enters $80M credit facility with Hazel, draws $10M","bullets":["Subrogation Holdings (MSP Recovery subsidiary) entered $80M credit facility with lender Hazel; $10M pre-closing disbursement received.","Interest at SOFR +10% margin, payable in kind; maturity March 31, 2026, extendable one year by Hazel.","Closing subject to conditions, including consummation of separate Claims Transactions with Hazel; no assurance of drawdown.","Facility secured by proceeds from certain claims in MSP Recovery's portfolio.","Prepayable without premium; $10M due immediately if closing fails."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-007356","json":"https://secwatch.observer/filing/0000950170-23-007356.json","markdown":"https://secwatch.observer/filing/0000950170-23-007356.md","text":"https://secwatch.observer/filing/0000950170-23-007356.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1802450/000095017023007356/0000950170-23-007356-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1802450/000095017023007356/mspr-20230306.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T05:43:15.691871+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"73a9834cc1e1a72275fced125f6b646516e8dacd","claim":"MSP Recovery, Inc. incurred credit facility of up to $30 million with Hazel Partners Holdings LLC at Term Secured Overnight Financing Rate (\"SOFR\") on each interest period, plus an maturing March 31, 2026.","evidence_excerpt":"Subrogation Holdings, LLC (the \"Borrower\"), a wholly owned subsidiary of the Company, entered into a Credit Agreement (the \"Credit Agreement\") with Hazel, as the lender and administrative agent with respect to an aggregate $80 million term loan credit facility (the \"Credit Facility\"), consisting of a Term Loan A commitment to fund up to $30 million (in multiple installments) in proceeds and a Term Loan B Commitment to fund up to $18 million (in multiple installments) in proceeds","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1802450/000095017023007356/0000950170-23-007356-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"up to $30 million"},{"label":"Counterparty","value":"Hazel Partners Holdings LLC"},{"label":"Rate","value":"Term Secured Overnight Financing Rate (\"SOFR\") on each interest period, plus an"},{"label":"Maturity","value":"March 31, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"9b6eea9a5ea68ff07d2811b52aec3adbb2560f40","claim":"MSP Recovery, Inc. incurred credit facility of up to $18 million with Hazel Partners Holdings LLC at Term Secured Overnight Financing Rate (\"SOFR\") on each interest period, plus an maturing March 31, 2026.","evidence_excerpt":"Term Loan B Commitment to fund up to $18 million (in multiple installments) in proceeds, after taking into account an original issue discount (collectively, the \"Working Capital Loans\")","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1802450/000095017023007356/0000950170-23-007356-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"up to $18 million"},{"label":"Counterparty","value":"Hazel Partners Holdings LLC"},{"label":"Rate","value":"Term Secured Overnight Financing Rate (\"SOFR\") on each interest period, plus an"},{"label":"Maturity","value":"March 31, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a3c4e1ae693c9dc23f4978d96b058c5c2e4e8709","claim":"MSP Recovery, Inc. entered into Credit Agreement with Hazel Partners Holdings LLC valued at $80 million term loan credit facility (effective 2023-03-06).","evidence_excerpt":"on March 6, 2023, Subrogation Holdings, LLC (the \"Borrower\"), a wholly owned subsidiary of the Company, entered into a Credit Agreement (the \"Credit Agreement\") with Hazel, as the lender and administrative agent with respect to an aggregate $80 million term loan credit facility (the \"Credit Facility\")","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1802450/000095017023007356/0000950170-23-007356-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Hazel Partners Holdings LLC"},{"label":"Value","value":"$80 million term loan credit facility"},{"label":"Effective","value":"2023-03-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}