MSP Recovery, Inc. secured seven separate advances from Hazel Partners Holdings LLC between September 2 and September 29, 2026. The company disclosed these transactions in a Form 8-K filed with the Securities and Exchange Commission, describing the funds as one-time accommodations under an existing working capital credit facility.
The advances were executed through a series of letter agreements, each funded on or around the date of execution. The individual amounts were $0.06 million, $0.35 million, $0.03 million, $0.11 million, $0.06 million, $0.04 million, and $0.04 million. Hazel acted as the administrative agent and lender for these transactions. The company stated that the proceeds are to be used solely as approved by the majority of its Operating Committee members, and that funding was subject to the absence of any event of default.
These specific advances are distinct from the broader Working Capital Credit Facility previously disclosed in MSP Recovery’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2025. That earlier filing described a discretionary funding mechanism known as the Operational Collection Floor. Under that mechanism, advances are made solely at Hazel’s discretion and are not subject to any commitment or minimum availability.
As of the Q3-2025 Form 10-Q filing, MSP Recovery reported that aggregate advances under the Operational Collection Floor had reached approximately $6.0 million. The company noted that no remaining funding capacity was available under the facility at that time. The new advances do not reinstate, replenish, or reopen availability under the Working Capital Credit Facility or the Operational Collection Floor.
The Form 8-K explicitly states that, other than these specific advances, no additional funding is currently available to MSP Recovery under the Working Capital Credit Facility. The company has no rights to, and no reasonable basis to expect, any further advances thereunder. The working capital credit facility does not provide committed liquidity, does not establish a borrowing base, and does not obligate Hazel to fund any amounts.
MSP Recovery is a Delaware corporation headquartered in Miami, Florida. Its Class A common stock and redeemable warrants trade on the OTC Market Group under the symbols MSPR, MSPRW, and MSPRZ.