MSP Recovery secures $690,000 in one-time advances from Hazel Partners under working capital facility
MSPR•MSP Recovery secured $690,000 in discretionary one-time working-capital advances from Hazel Partners, but said no additional funding is currently available under the facility.
1. One-time advances
MSP Recovery, through subsidiaries, signed letter agreements with Hazel Partners in late September 2026 for $690,000 in one-time working-capital advances. The advances were discretionary under the existing facility’s Operational Collection Floor, with no committed liquidity or minimum availability, and were restricted to uses approved by a majority of the borrower’s operating committee, provided there was no default at funding.
2. No remaining availability
The company said the advances do not reopen or replenish availability and that no additional funding is currently available under the facility. A prior disclosure put aggregate Operational Collection Floor advances at about $6 million, with no capacity remaining at that time.
