Covenant Waiver Extension
Litigation Capital Management Limited has secured an extension of its debt covenant waiver from Northleaf until July 31, 2026, with the existing 2.00% per annum interest increase remaining in effect during this period, and no additional waiver fee. This extension reflects Northleaf's continued support as LCM progresses its Strategic Review, initiated on September 15, 2025, to address its capital position, with a further update on the review expected 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 on 30 June 2026 has been extended to 31 July 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.
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