---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-039537"
form_type: "8-K"
ticker: "MSPR"
cik: "0001802450"
company_name: "MSP Recovery, Inc."
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T04:48:52.350491+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MSP Recovery extends Virage debt maturity to Sep 2025, amends Nomura note to $30M

## Summary
- Third Virage MTA Amendment extends VRM Full Return maturity to September 30, 2025, subject to acceleration triggers.
- 25% of net proceeds from Standby Equity Purchase Agreement with YA II PN used to pay down VRM Full Return after YA note repayment.
- Company agreed to sell reserved shares of John H. Ruiz and Frank C. Quesada and deliver net cash proceeds to VRM.
- Nomura Amended and Restated Promissory Note increased principal to approximately $30M and extended maturity to September 30, 2025.

## SEC filing metadata
- accession: 0000950170-24-039537
- form_type: 8-K
- ticker: MSPR
- cik: 0001802450
- company_name: MSP Recovery, Inc.
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1802450/000095017024039537/0000950170-24-039537-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1802450/000095017024039537/lifw-20240326.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-039537
- JSON: https://secwatch.observer/filing/0000950170-24-039537.json
- Plain text: https://secwatch.observer/filing/0000950170-24-039537.txt

## Key facts
- Debt Financings
  MSP Recovery, Inc. amended debt with MSP Recovery, Inc. and Virage Capital Management, LP and Virage Recovery Master, LP maturing September 30, 2025.
  - Counterparty: MSP Recovery, Inc. and Virage Capital Management, LP and Virage Recovery Master, LP
  - Maturity: September 30, 2025
  - Event: amendment
  source text: On April 1, 2024, the Company entered into the MTA Amendment No. 3 and Amendment No. 2 to the Amended and Restated Security Agreement (”Third Virage MTA Amendment“), which: (i) extended the VRM Full Return (as defined in the MTA) maturity date to September 30, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802450/000095017024039537/0000950170-24-039537-index.htm
- Debt Financings
  MSP Recovery, Inc. incurred loan of approximately $30.0 million with Nomura Securities International, Inc. maturing September 30, 2025.
  - Instrument: loan
  - Principal: approximately $30.0 million
  - Counterparty: Nomura Securities International, Inc.
  - Maturity: September 30, 2025
  - Event: incurrence
  source text: On March 26, 2024, the Company further amended and restated the Nomura Note (the ”A&R Note“) to: (i) increase the principal amount to approximately $30.0 million, and (ii) extend the maturity date to September 30, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802450/000095017024039537/0000950170-24-039537-index.htm
- Material Agreements
  MSP Recovery, Inc. amended A&R Note with Nomura Securities International, Inc. valued at approximately $30.0 million (effective 2024-03-26).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: Nomura Securities International, Inc.
  - Value: approximately $30.0 million
  - Effective: 2024-03-26
  source text: On March 26, 2024, the Company further amended and restated the Nomura Note (the "A&R Note") to: (i) increase the principal amount to approximately $30.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802450/000095017024039537/0000950170-24-039537-index.htm
- Material Agreements
  MSP Recovery, Inc. amended MTA Amendment No. 3 and Amendment No. 2 to the Amended and Restated Security Agreement with Virage Capital Management, LP and Virage Recovery Master, LP (effective 2024-04-01).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Virage Capital Management, LP and Virage Recovery Master, LP
  - Effective: 2024-04-01
  source text: On April 1, 2024, the Company entered into the MTA Amendment No. 3 and Amendment No. 2 to the Amended and Restated Security Agreement ("Third Virage MTA Amendment")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802450/000095017024039537/0000950170-24-039537-index.htm

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