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Litigation Capital Management Limited (LCM) increased its credit facility with funds managed by Northleaf Capital Partners (Canada) Ltd from US$75 million to US$100 million. Additionally, LCM's debt covenant waiver from Northleaf, previously due to expire at the end of January 2026, has been extended to 1 March 2026, with interest on the loan remaining increased by 2.00% per annum during this period and no additional one-time waiver fee.
| Date | 2 Feb 2026 |
| Time | 07:00:09 |
| Category | Miscellaneous |
| ID | 2024R |
2 February 2026
Litigation Capital Management Limited
("LCM" or the "Company")
Increase in Credit Facility and Covenant Waiver Extension
Litigation 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.
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.
Enquiries
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Litigation Capital Management |
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Patrick Moloney, Chief Executive Officer David Collins, Chief Financial Officer |
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Cavendish (Nomad and Broker) |
Tel: 020 7220 0500 |
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Jonny Franklin-Adams and Isaac Hooper (Corporate Finance) Tim Redfern (Corporate Broking) |
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