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Litigation Capital Management Limited (LCM) announced that its debt covenant waiver from Northleaf has been extended. The waiver, previously due to expire on 31 July 2026, is now effective until 31 August 2026. During this extended period, the interest on the loan remains increased by 2.00% per annum, and no additional one-time waiver fee was incurred.
| Date | 31 Jul 2026 |
| Time | 07:00:06 |
| Category | Miscellaneous |
| ID | 6241O |
31 July 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 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.
The Strategic Review that was first announced on 15 September 2025 continues to progress and the waiver extension is reflective of Northleaf's ongoing support while LCM works towards a long-term resolution of its capital position. 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) Ella Bedford (Corporate Broking) |
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