MSP Recovery, Inc. 8-K

What Happened

• MSP Recovery, Inc. announced it entered into a letter agreement with Hazel Partners Holdings LLC (the administrative agent/lender) under its existing working capital credit facility. Hazel agreed, in its sole discretion, to make a one‑time advance of $0.1 million. The Hazel Letter Agreement is dated June 11, 2026 and the advance was funded on June 12, 2026.

Key Details

• Lender: Hazel Partners Holdings LLC (administrative agent and lender).
• Advance amount: $0.1 million (one‑time discretionary advance).
• Related facility: Operational Collection Floor under MSP’s working capital credit facility (as disclosed in Q3‑2025 Form 10‑Q).
• Prior status: As of the Q3‑2025 Form 10‑Q, aggregate advances under the Operational Collection Floor were about $6.0 million and no remaining funding capacity was available.
• Important limits: The $0.1M is a standalone accommodation — it does not reinstate, replenish, or reopen availability under the credit facility, is not a commitment to future funding, and remains discretionary and conditioned on no defaults.

Why It Matters

• This filing confirms MSP received a small, one‑time liquidity infusion but did not regain committed access to its working capital facility. For investors, the $0.1M provides only limited near‑term cash and does not change the company’s lack of committed borrowing capacity under the Operational Collection Floor. The company explicitly states there is no reasonable basis to expect further advances from Hazel.