Covenant Waiver Extension
Litigation Capital Management Limited has secured an extension to its debt covenant waiver from Northleaf, now valid until August 31, 2026, with the existing 2.00% per annum interest increase remaining in effect and no additional waiver fee. This extension supports the ongoing Strategic Review, initiated on September 15, 2025, as LCM works towards resolving its capital position, with further updates on the review to 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 on 31 July 2026 has been extended to 31 August 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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