Litigation Capital Management: Covenant Waiver Extension

Litigation Capital Management Limited (LCM), which provides financing for legal disputes, said lender Northleaf has extended its debt covenant waiver (an agreement not to enforce certain loan conditions) from October 31, 2026 to November 13, 2026.

Key details

• LCM says the shorter two-week waiver period reflects that the conditions that must be met before a long-term amendment to the debt facility takes effect are close to being completed. That amendment was first announced on September 30, 2026.
• During the extended waiver period, interest on the loan stays increased by 2.00% per annum, the same as under the initial waiver.
• There is no additional one-time waiver fee for this extension.

What’s still pending

• The extended waiver runs to November 13, 2026.
• The long-term amendment to the debt facility still depends on its conditions being completed; LCM says they are close to being completed.

6ix AI wrote this summary from the release below and checked it against the release.