diff --git a/lightning/src/ln/channel.rs b/lightning/src/ln/channel.rs
index 7647915f247..5f6c5a449f2 100644
--- a/lightning/src/ln/channel.rs
+++ b/lightning/src/ln/channel.rs
@@ -6443,6 +6443,19 @@ fn get_holder_max_htlc_value_in_flight_msat(
 	channel_value_satoshis * 10 * configured_percent
 }
 
+fn rescale_max_htlc_value_in_flight_msat(
+	max_htlc_value_in_flight_msat: u64, old_channel_value_satoshis: u64,
+	new_channel_value_satoshis: u64,
+) -> u64 {
+	debug_assert_ne!(old_channel_value_satoshis, 0);
+	if old_channel_value_satoshis == 0 {
+		return max_htlc_value_in_flight_msat;
+	}
+
+	((max_htlc_value_in_flight_msat as u128 * new_channel_value_satoshis as u128)
+		/ old_channel_value_satoshis as u128) as u64
+}
+
 /// Returns a minimum channel reserve value the remote needs to maintain,
 /// required by us according to the configured or default
 /// [`ChannelHandshakeConfig::their_channel_reserve_proportional_millionths`]
@@ -11185,12 +11198,41 @@ where
 				.find(|funding| funding.get_funding_txid() == Some(splice_txid))
 				.unwrap();
 			let prev_funding_txid = self.funding.get_funding_txid();
+			let prev_channel_value_satoshis = self.funding.get_value_satoshis();
 
 			if let Some(scid) = self.funding.short_channel_id {
 				self.context.historical_scids.push(scid);
 			}
 
 			core::mem::swap(&mut self.funding, funding);
+			let new_channel_value_satoshis = self.funding.get_value_satoshis();
+			let prev_holder_max_htlc_value_in_flight_msat =
+				self.context.holder_max_htlc_value_in_flight_msat;
+			let prev_counterparty_max_htlc_value_in_flight_msat =
+				self.context.counterparty_max_htlc_value_in_flight_msat;
+			self.context.holder_max_htlc_value_in_flight_msat =
+				rescale_max_htlc_value_in_flight_msat(
+					self.context.holder_max_htlc_value_in_flight_msat,
+					prev_channel_value_satoshis,
+					new_channel_value_satoshis,
+				);
+			self.context.counterparty_max_htlc_value_in_flight_msat =
+				rescale_max_htlc_value_in_flight_msat(
+					self.context.counterparty_max_htlc_value_in_flight_msat,
+					prev_channel_value_satoshis,
+					new_channel_value_satoshis,
+				);
+			log_info!(
+				logger,
+				"Splice promotion HTLC caps for channel {}: holder {} -> {}, counterparty {} -> {}, value {} -> {} sats",
+				&self.context.channel_id,
+				prev_holder_max_htlc_value_in_flight_msat,
+				self.context.holder_max_htlc_value_in_flight_msat,
+				prev_counterparty_max_htlc_value_in_flight_msat,
+				self.context.counterparty_max_htlc_value_in_flight_msat,
+				prev_channel_value_satoshis,
+				new_channel_value_satoshis,
+			);
 
 			// The swap above places the previous `FundingScope` into `pending_funding`.
 			pending_splice
diff --git a/lightning/src/ln/splicing_tests.rs b/lightning/src/ln/splicing_tests.rs
index e387ac3bfdd..127bdf03e85 100644
--- a/lightning/src/ln/splicing_tests.rs
+++ b/lightning/src/ln/splicing_tests.rs
@@ -759,15 +759,17 @@ fn test_splice_in() {
 	mine_transaction(&nodes[0], &splice_tx);
 	mine_transaction(&nodes[1], &splice_tx);
 
-	let htlc_limit_msat = nodes[0].node.list_channels()[0].next_outbound_htlc_limit_msat;
-	assert!(htlc_limit_msat < initial_channel_value_sat * 1000);
-	let _ = send_payment(&nodes[0], &[&nodes[1]], htlc_limit_msat);
+	let pre_splice_htlc_limit_msat = nodes[0].node.list_channels()[0].next_outbound_htlc_limit_msat;
+	assert!(pre_splice_htlc_limit_msat < initial_channel_value_sat * 1000);
+	let _ = send_payment(&nodes[0], &[&nodes[1]], pre_splice_htlc_limit_msat);
 
 	lock_splice_after_blocks(&nodes[0], &nodes[1], ANTI_REORG_DELAY - 1);
 
-	let htlc_limit_msat = nodes[0].node.list_channels()[0].next_outbound_htlc_limit_msat;
-	assert!(htlc_limit_msat > initial_channel_value_sat);
-	let _ = send_payment(&nodes[0], &[&nodes[1]], htlc_limit_msat);
+	let post_splice_htlc_limit_msat =
+		nodes[0].node.list_channels()[0].next_outbound_htlc_limit_msat;
+	assert!(post_splice_htlc_limit_msat > pre_splice_htlc_limit_msat);
+	assert!(post_splice_htlc_limit_msat > initial_channel_value_sat * 1000);
+	let _ = send_payment(&nodes[0], &[&nodes[1]], post_splice_htlc_limit_msat);
 }
 
 #[test]