8-K
filed April 20, 2026, 7:59 PM ET
ticker MSPR
CIK 0001802450
debt
confidence high
sentiment negative
materiality 0.35
MSP Recovery, Inc. (MSPR): debt financing — MSP Recovery obtains two $117,500 one-time advances from Hazel and VRM; no additional liquidity committed
MSP Recovery, Inc.
- Hazel Partners advanced $117,500 under the Operational Collection Floor on April 16, 2026; no further funding available.
- VRM MSP Recovery Partners advanced $117,500 to support accounts payables; repayment required upon next financing.
- Aggregate Hazel advances now $7.724M; the $117,500 is a one-time accommodation with no commitment for future draws.
- Company notes Hazel has no obligation to fund further; no borrowing base or committed liquidity exists.
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 debt of $0.1 million with VRM MSP Recovery Partners, LLC maturing promptly upon the closing of any loan or other financing transaction by the Company or its affiliates.
- Principal
- $0.1 million
- Counterparty
- VRM MSP Recovery Partners, LLC
- Maturity
- promptly upon the closing of any loan or other financing transaction by the Company or its affiliates
- Event
- incurrence
Exact text from the filing
VRM MSP Recovery Partners, LLC Advance On April 16, 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
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
(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 2026-04-16).
- Action
- entry
- Counterparty
- VRM MSP Recovery Partners, LLC
- Value
- $0.1 million
- Effective
- 2026-04-16
Exact text from the filing
On April 16, 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 2026-04-16).
- Action
- entry
- Counterparty
- Hazel Partners Holdings LLC
- Value
- $0.1 million
- Effective
- 2026-04-16
Exact text from the filing
On April 16, 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
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