Covenant Waiver Extension
Litigation Capital Management Limited has secured an extension of its debt covenant waiver from Northleaf until May 30, 2026, with the existing 2.00% per annum interest increase remaining in effect without any additional waiver fee. This extension supports the ongoing Strategic Review, initiated on September 15, 2025, which aims to resolve the company's capital position, and reflects Northleaf's continued support.
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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 on 15 April 2026 has been extended to 30 May 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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.