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MSP Recovery Announces Strategic Term Sheet Providing Prospective Liquidity and Working Capital Aimed at Driving Future Growth

MIAMI, Aug. 29, 2025 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. (NASDAQ:MSPR) (the "Company"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, announces it has entered into a non-binding term sheet for a new secured term loan facility of up to $55 million. The agreement, with one or more entities managed or advised by, or affiliated with an Investor with whom the Company has signed a non-disclosure agreement, would provide the Company and its affiliates significant working capital and additional operational funding aimed at driving future growth. Additionally, the Investor is committed to pursuing acquisition of additional assignor claim rights and working with the Company to expand its portfolio of assigned claims or provide the Company with servicing rights to claims acquired by the Investor.

Facility StructureThe Term Sheet provides for a potential first lien secured delayed draw term loan facility (the "Facility") in an aggregate principal amount of up to $55.0 million, consisting of:

Tranche A Loans: up to $10.0 million, of which $5.0 million is expected to be funded at closing, and up to $5.0 million may be advanced at the Lender's sole and absolute discretion prior to satisfaction of a specified contingency.

Tranche B Loan: up to $45.0 million, available after the closing date, subject to the same contingency and the Lender's sole and absolute discretion.

The Facility would mature 36 months following closing, subject to two potential one-year extensions at the discretion of Lender. The obligations of the Co-Borrowers would be secured by a first-priority security interest in substantially all of their assets, subject to inter-creditor arrangements with existing creditors.

In connection with advances under the ...