{"schema_version":"secwatch.filing_event.v1","accession":"0001462418-23-000006","form_type":"8-K","ticker":"ASPS","cik":"0001462418","company_name":"ALTISOURCE PORTFOLIO SOLUTIONS S.A.","filed_at":"2023-02-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.090107+00:00","generated_at":"2026-06-20T00:57:41.558537+00:00","sec_items":["1.01","2.02","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Altisource enters debt restructuring with 98% of lenders; Q4 Adj EBITDA turns positive at $0.6M","bullets":["Lenders holding ~98% of existing term loans agreed to exchange for new first-lien loans due April 2025 (option to extend to April 2026 with conditions).","Interest rate SOFR+5% cash+5% PIK; PIK component can be reduced based on par paydown up to $70M+.","Lenders receive warrants for up to 19.99% of common stock at $0.01/share, subject to reduction based on par paydown.","Preliminary Q4 2022 Adjusted EBITDA of $0.6M, a $9.4M improvement vs Q4 2021; FY2022 gross margin improved to 15% (from 4% in 2021).","Foreclosure initiations up 409% YoY and foreclosure sales up 39% YoY; company expects benefit from default market recovery."],"urls":{"canonical":"https://secwatch.observer/filing/0001462418-23-000006","json":"https://secwatch.observer/filing/0001462418-23-000006.json","markdown":"https://secwatch.observer/filing/0001462418-23-000006.md","text":"https://secwatch.observer/filing/0001462418-23-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1462418/000146241823000006/0001462418-23-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1462418/000146241823000006/asps-20230203.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T00:57:41.558537+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7a50d312d153381f00c00c5bd03bf0cac108fd38","claim":"ALTISOURCE PORTFOLIO SOLUTIONS S.A. reported preliminary financial results for the full year 2022.","evidence_excerpt":"Luxembourg, February 3, 2023 - Altisource Portfolio Solutions S.A. (\"Altisource\" or the \"Company\") (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported preliminary financial results for the fourth quarter and full year 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462418/000146241823000006/0001462418-23-000006-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year 2022"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"c2ee5fe27540dfbbb1bb5d3f8b164c236e21f291","claim":"ALTISOURCE PORTFOLIO SOLUTIONS S.A. reported preliminary financial results for the fourth quarter 2022.","evidence_excerpt":"Luxembourg, February 3, 2023 - Altisource Portfolio Solutions S.A. (\"Altisource\" or the \"Company\") (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported preliminary financial results for the fourth quarter and full year 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462418/000146241823000006/0001462418-23-000006-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter 2022"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"0f6a3868168b05133e570a9da75b0c407d9932af","claim":"ALTISOURCE PORTFOLIO SOLUTIONS S.A. entered into Transaction Support Agreement with certain holders (the 'Applicable Term Loan Lenders') of term loans under its existing credit agreement.","evidence_excerpt":"Altisource and certain of its subsidiaries, the Applicable Term Loan Lenders and lenders holding approximately 98% of the aggregate principal amount of the Existing Term Loans have entered into a transaction support agreement (together with all exhibits, annexes and schedules thereto, the “Transaction Support Agreement”), including a term sheet (the “Term Sheet”) setting forth the principal terms of, among other things, a proposed refinancing of the Company’s Existing Credit Agreement, subject to execution of definitive agreements and approval of lenders holding 99% in aggregate principal amount of the Existing Term Loans.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462418/000146241823000006/0001462418-23-000006-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"certain holders (the 'Applicable Term Loan Lenders') of term loans under its existing credit agreement"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}