secwatch.observer — SEC 8-K summary
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Issuer:     MSP Recovery, Inc. (MSPR)
CIK:        0001802450
Form:       8-K
Filed at:   2023-03-10T23:59:59+00:00
Accession:  0000950170-23-007356
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802450/000095017023007356/0000950170-23-007356-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802450/000095017023007356/mspr-20230306.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-007356

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