Business
Increase in Credit Facility and Waiver Extension
Litigation Capital Management Limited has increased its credit facility with Northleaf Capital Partners from US$75 million to US$100 million and extended a debt covenant waiver to March 1, 2026. During this extended waiver period, the interest rate on the loan will remain increased by 2.00% per annum, with no additional waiver fee. This extension reflects Northleaf's continued support as LCM progresses its strategic review to resolve its capital position. Disclaimer*
About this update from Litigation Capital Management Ltd
[{"type":"text","content":"\n\n2 February 2026\nLitigation Capital Management Limited\n(\"LCM\" or the \"Company\")\nIncrease in Credit Facility and Covenant Waiver Extension\n \nLitigation Capital Management Limited (\"LCM\"), an alternative asset manager specialising in dispute financing solutions internationally, announces that it has to increase its credit facility with funds managed by Northleaf Capital Partners (Canada) Ltd (\"Northleaf\") from US$75 million to US$100 million. Furthermore, the debt covenant waiver from Northleaf that was due to expire at the end of January 2026 has been extended to 1 March 2026. During the extended waiver period the interest on the loan remains increased by 2.00% per annum consistent with the initial waiver. There is no additional one-time waiver fee in relation to this extension. \nThe Strategic Review that was first announced on 15 September 2025 continues to progress and this waiver extension is reflective of Northleaf's ongoing support while LCM works towards a long-term resolution of its capital position. LCM management will provide an update on the progress of the Strategic Review in due course.\n \n \nEnquiries\n\n\n\n\nLitigation Capital Management\n\n\n\n\n\n\n\nPatrick Moloney, Chief Executive Officer\nDavid Collins, Chief Financial Officer\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCavendish (Nomad and Broker) \n\n\nTel: 020 7220 0500\n\n\n\n\nJonny Franklin-Adams and Isaac Hooper (Corporate Finance)\nTim Redfern (Corporate Broking)\n\n\n\n\n\n\n\n \nwww.lcmfinance.com\n \n\n","length":3804,"tagName":"div"}]