---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-052906"
form_type: "8-K"
ticker: "MSPR"
cik: "0001802450"
company_name: "MSP Recovery, Inc."
filed_at: "2025-04-10T23:59:59+00:00"
generated_at: "2026-05-23T17:24:30.602760+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# MSP Recovery signs restructuring term sheet converting $1.2B debt and securing up to $25M working capital

## Summary
- Virage Recovery waives ~$1.2B claim in exchange for 43% equity stake in the Company.
- MSP principals convert ~$144M debt into Class A common shares.
- Hazel provides up to $9.75M bridge loan and up to $25M working capital for new servicer.
- Yorkville extends maturity of convertible notes to November 30, 2026 and waives monthly payments until then.
- New Servicer to manage recovery claims, funded by Hazel affiliate with up to $25M line of credit.

## SEC filing metadata
- accession: 0000950170-25-052906
- form_type: 8-K
- ticker: MSPR
- cik: 0001802450
- company_name: MSP Recovery, Inc.
- filed_at: 2025-04-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1802450/000095017025052906/0000950170-25-052906-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1802450/000095017025052906/mspr-20250404.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-052906
- JSON: https://secwatch.observer/filing/0000950170-25-052906.json
- Plain text: https://secwatch.observer/filing/0000950170-25-052906.txt

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