MSP Recovery Secures Transformational Restructuring and Investment to Eliminate Over $1.2 Billion in Corporate Guaranteed Debt and Fuel Future Expansion

MSP Recovery Announces Strategic Term Sheet Providing Prospective Liquidity and Restructuring of Existing Agreements to Remove Corporate-Guaranteed Debt by Over $1.2 Billion

April 10, 2025 - MSP Recovery, Inc. (Nasdaq: MSPR), a leading provider of technology-enabled services and solutions, today announced that it has entered into a strategic term sheet with its lenders to provide prospective liquidity and restructure its existing agreements to remove corporate-guaranteed debt by over $1.2 billion.

The term sheet, which is subject to certain conditions and the execution of definitive documentation, provides for a comprehensive restructuring of MSP Recovery's existing debt obligations, including the removal of over $1.2 billion in corporate-guaranteed debt. The restructuring is expected to significantly improve the Company's financial flexibility, reduce its debt service obligations, and provide a stronger foundation for future growth and profitability.

"We are pleased to have reached this strategic term sheet with our lenders, which we believe will have a material positive impact on our financial position and future prospects," said Michael Smargiassi, CEO of MSP Recovery. "The removal of over $1.2 billion in corporate-guaranteed debt will enable us to focus on our core business operations and pursue new growth opportunities, while also providing a more stable and predictable financial foundation for our stakeholders."

The term sheet is expected to be finalized and executed in the coming weeks, pending the satisfaction of certain conditions, including the negotiation and execution of definitive documentation. The Company expects to provide additional information and updates on the progress of the restructuring in the coming days and weeks.

About MSP Recovery, Inc.

MSP Recovery, Inc. is a leading provider of technology-enabled services and solutions focused on the healthcare and technology industries. The Company's solutions enable healthcare providers and technology companies to improve their financial and operational performance, reduce costs, and enhance patient and customer satisfaction. For more information, please visit www.msprecovery.com.