8-K
filed April 6, 2026, 7:59 PM ET
ticker MSPR
CIK 0001802450
other material
confidence high
sentiment negative
materiality 0.45
MSP Recovery, Inc. (MSPR): debt financing — MSP Recovery obtains $0.2M in one-time advances; discloses no further committed liquidity
MSP Recovery, Inc.
- Hazel Partners advanced $125,000 under existing working capital facility; total Operational Collection Floor raised to $7.607M.
- VRM (Virage) advanced $125,000; reimbursement required from any future financing, including possible DIP financing.
- Company must appoint Nader Tavakoli as Chief Restructuring Officer to oversee VRM advance usage.
- Both advances are one-time discretionary accommodations; no commitment for additional funding remains.
- Filing details prior Hazel draws totaling over $5.9M from Mar 2025–Mar 2026.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
MSP Recovery, Inc. incurred credit facility of $0.1 million with Hazel Partners Holdings LLC.
- Instrument
- credit facility
- Principal
- $0.1 million
- Counterparty
- Hazel Partners Holdings LLC
- Event
- incurrence
Exact text from the filing
On April 2, 2026, MSP Recovery, Inc. (the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $0.1 million to be used primarily for operating expenses.
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
MSP Recovery, Inc. incurred loan of $0.1 million with VRM MSP Recovery Partners, LLC.
- Instrument
- loan
- Principal
- $0.1 million
- Counterparty
- VRM MSP Recovery Partners, LLC
- Event
- incurrence
Exact text from the filing
On April 2, 2026, the Company entered into a letter agreement (the “Advance Letter”) with VRM MSP Recovery Partners, LLC (“VRM”), pursuant to which VRM agreed to make available a one-time advance of recovery proceeds of $0.1 million to be used primarily to support the Company’s accounts payables.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
MSP Recovery, Inc. entered into Hazel Letter Agreement with Hazel Partners Holdings LLC valued at $0.1 million (effective 2026-04-02).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Hazel Partners Holdings LLC
- Value
- $0.1 million
- Effective
- 2026-04-02
Exact text from the filing
On April 2, 2026, MSP Recovery, Inc. (the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $0.1 million to be used primarily for operating expenses.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
MSP Recovery, Inc. entered into Advance Letter with VRM MSP Recovery Partners, LLC valued at $0.1 million (effective 2026-04-02).
- Action
- entry
- Counterparty
- VRM MSP Recovery Partners, LLC
- Value
- $0.1 million
- Effective
- 2026-04-02
Exact text from the filing
On April 2, 2026, the Company entered into a letter agreement (the “Advance Letter”) with VRM MSP Recovery Partners, LLC (“VRM”), pursuant to which VRM agreed to make available a one-time advance of recovery proceeds of $0.1 million to be used primarily to support the Company’s accounts payables.
View on SEC.gov
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