---
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"
generated_at: "2026-06-18T05:43:15.691871+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# MSP Recovery subsidiary enters $80M credit facility with Hazel, draws $10M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-007356
- JSON: https://secwatch.observer/filing/0000950170-23-007356.json
- Plain text: https://secwatch.observer/filing/0000950170-23-007356.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: up to $30 million
  - Counterparty: Hazel Partners Holdings LLC
  - Rate: Term Secured Overnight Financing Rate ("SOFR") on each interest period, plus an
  - Maturity: March 31, 2026
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1802450/000095017023007356/0000950170-23-007356-index.htm
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: up to $18 million
  - Counterparty: Hazel Partners Holdings LLC
  - Rate: Term Secured Overnight Financing Rate ("SOFR") on each interest period, plus an
  - Maturity: March 31, 2026
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1802450/000095017023007356/0000950170-23-007356-index.htm
- Material Agreements
  MSP Recovery, Inc. entered into Credit Agreement with Hazel Partners Holdings LLC valued at $80 million term loan credit facility (effective 2023-03-06).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Hazel Partners Holdings LLC
  - Value: $80 million term loan credit facility
  - Effective: 2023-03-06
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1802450/000095017023007356/0000950170-23-007356-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.