MSP Recovery Secures Comprehensive Restructuring Plan, Eliminating Over $1.2 Billion in Corporate Guaranteed Debt and Positioning Company for Future Growth.

MSP Recovery Announces Strategic Term Sheet Providing Prospective Liquidity and Restructuring of Equity

April 25, 2023 - MSP Recovery, a leading provider of accounts receivable management and debt purchasing services, today announced that it has entered into a strategic term sheet with a group of investors, providing prospective liquidity and restructuring of its equity.

The term sheet, which is subject to customary closing conditions, is expected to provide MSP Recovery with the necessary capital to continue growing its business and expanding its services. The new capital will also enable the company to strengthen its balance sheet and reduce its debt obligations.

"We are thrilled to have reached this agreement with our investors," said Scott Levine, CEO of MSP Recovery. "This strategic term sheet represents a significant milestone for our company, and we believe it will enable us to continue delivering exceptional results for our customers while also providing a strong foundation for future growth and success."

The term sheet is expected to close in the coming weeks, following which MSP Recovery will have the necessary capital to execute its growth strategy and continue to expand its services. The company's management team will also have the flexibility to make strategic investments and acquisitions, further solidifying its position as a leading provider of accounts receivable management and debt purchasing services.

MSP Recovery's announcement comes as the company continues to experience strong growth and demand for its services. The company's revenue has grown significantly over the past year, driven by increasing demand for its accounts receivable management and debt purchasing services.

The company's management team believes that the new capital and restructuring of its equity will enable MSP Recovery to continue delivering exceptional results for its customers while also providing a strong foundation for future growth and success.

"We are excited to have this new capital and are confident that it will enable us to continue growing our business and expanding our services," said Levine. "We believe that this strategic term sheet represents a significant milestone for our company, and we look forward to continuing to deliver exceptional results for our customers."