Brief: Lifewallet Announces Continued Negotiations On Previously Announced Transactions, Completion Of Credit Agreement

MSP Recovery

11/03/2023 01:07

March 10 (Reuters) - MSP Recovery Inc  LIFW.O :
    * LIFEWALLET ANNOUNCES CONTINUED NEGOTIATIONS ON PREVIOUSLY
ANNOUNCED TRANSACTIONS AND COMPLETION OF CREDIT AGREEMENT
PROVIDING SIGNIFICANT WORKING CAPITAL FOR ONGOING RECOVERY
EFFORTS
    * COMPANY CURRENTLY ANTICIPATES PURCHASING CLAIM RECOVERY
RIGHTS
AT APPROXIMATELY $0.20 OF PAID AMOUNT FOR SPECIFIC CASE FUNNELS
    * EXPECTS TO SELL CERTAIN OTHER CLAIMS IN ITS PORTFOLIO TO
HAZEL
    * COMPANY EXPECTS DEFINITIVE AGREEMENTS WITH RESPECT TO SUCH
TRANSACTIONS TO BE ENTERED INTO PRIOR TO END OF Q1
    * HAS ENTERED INTO A CREDIT AGREEMENT PROVIDING COMPANY WITH
$48
MILLION WORTH OF WORKING CAPITAL ENTERING INTO Q2 OF 2023

Source text for Eikon:  ID:nGNX4zSR4j 
Further company coverage:  LIFW.O 

 ((Reuters.Briefs@thomsonreuters.com;))