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Litigation Capital Management Limited (LCM) announced that Northleaf extended a debt covenant waiver from its previous expiry at the end of February 2026 to 15 April 2026. During this extended waiver period, the interest on the loan remains increased by 2.00% per annum. There is no additional one-time waiver fee for this extension.
| Date | 2 Mar 2026 |
| Time | 07:00:15 |
| Category | Miscellaneous |
| ID | 8208U |
2 March 2026
Litigation Capital Management Limited
("LCM" or the "Company")
Covenant Waiver Extension
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.
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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