Covenant Waiver Extension
Litigation Capital Management Limited has announced an extension of its debt covenant waiver from Northleaf until April 15, 2026, with the interest rate on the loan remaining increased by 2.00% per annum during this period, and no additional waiver fee. This extension reflects Northleaf's continued support while LCM progresses its Strategic Review, initiated on September 15, 2025, towards resolving its capital position. An update on the Strategic Review's progress will be provided in due course.
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Litigation Capital Management Limited ("LCM"), an alternative asset manager specialising in dispute financing solutions internationally, announces that the debt covenant waiver from Northleaf that was due to expire at the end of February 2026 has been extended to 15 April 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.
The 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.
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