MSP Recovery entered into letter agreements with Hazel Partners under its working capital credit facility for two one-time advances totaling $0.06 million.
- The funds were earmarked primarily for operating expenses.
- The advances were funded on Aug. 18, 2026 and Aug. 28, 2026.
- The advances increased the Operational Collection Floor beyond the previously disclosed level, which had reached about $6 million.
- Hazel retained full discretion to fund, and each advance was conditioned on no default at the time of funding.
- The agreements did not reopen facility availability, with no additional funding currently available and no commitment for future advances.