Covenant Waiver Extension

Summary by AI BETAClose X

Litigation Capital Management announced that the Northleaf debt covenant waiver expiring on 31 October 2026 has been extended to 13 November 2026; the two-week extension reflects that conditions precedent to the long-term amendment announced on 30 September 2026 are close to completion. During the extended waiver the loan interest remains increased by 2.00% per annum and there is no additional one-time waiver fee. The short extension limits immediate covenant breach risk but maintains higher interest cost until the long-term facility amendment is finalised, which could affect near-term credit metrics and interest expense.

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Litigation Capital Management Limited (DI) (LIT)
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