---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-113229"
form_type: "8-K"
ticker: "MSPR"
cik: "0001802450"
company_name: "MSP Recovery, Inc."
filed_at: "2024-10-07T23:59:59+00:00"
generated_at: "2026-05-30T19:25:13.663411+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "medium"
source: SEC EDGAR
---

# MSP Recovery draws $9M at 40% OID; Hazel waives 2024 going-concern default trigger

## Summary
- Drew $7M of $14M working capital (40% OID) and $2M for claims acquisition (40% OID) under amended credit line.
- Hazel waived acceleration clause that would trigger on negative going-concern opinion for FY2024.
- Amendment formalizes previously disclosed letter agreement; adds new credit party and claim distribution structure.
- Third-party sale of certain claims requires Hazel floor price; proceeds split 50/50 between ops and loan repayment.
- Hazel agreed to release mortgage and guaranty upon full repayment of Operational Collection Floor by Dec 31, 2024.

## SEC filing metadata
- accession: 0000950170-24-113229
- form_type: 8-K
- ticker: MSPR
- cik: 0001802450
- company_name: MSP Recovery, Inc.
- filed_at: 2024-10-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: medium
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1802450/000095017024113229/0000950170-24-113229-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1802450/000095017024113229/lifw-20241002.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-113229
- JSON: https://secwatch.observer/filing/0000950170-24-113229.json
- Plain text: https://secwatch.observer/filing/0000950170-24-113229.txt

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