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Litigation Capital Management has 'leverage and capital structure to grow' with new credit facility

Litigation Capital Management Limited's (LON:LIT) Patrick Moloney talks Proactive's Andrew Scott through its recently secured US$50mln credit facility. The facility is with Northleaf, a global private markets investment firm that has experience in the litigation finance sector. The facility runs for four years and carries a coupon of 8% with a profit participation element calculated by reference to the profitability of Litigation Capital’s (LCM) direct investments. The overall cost of the facility is capped at 13% per annum.

Quick facts: Litigation Capital Management PLC

Price: 68 GBX

AIM:LIT
Market: AIM
Market Cap: £78.76 m
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Litigation Capital Management 'always have good pipeline of investments...

Proactive Analyst Ed Stacey discusses Litigation Capital Management (LON:LIT) which is an alternative asset manager specialising in disputes financing, with its main operations in Australia and the UK. The company provides funding for litigation in exchange for a share of any settlement and...

on 26/11/20

2 min read