---
schema_version: "secwatch.filing_event.v1"
accession: "0001462418-23-000008"
form_type: "8-K"
ticker: "ASPS"
cik: "0001462418"
company_name: "ALTISOURCE PORTFOLIO SOLUTIONS S.A."
filed_at: "2023-02-10T23:59:59+00:00"
generated_at: "2026-06-19T17:52:54.811946+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Altisource amends credit facility, extends maturity to 2025, issues warrants, and launches public stock offering

## Summary
- Entered into Second Amendment to term loan, extending maturity to April 30, 2025, with possible extension to April 2026 if $30M+ par paydown.
- Lenders receive warrants for up to 19.99% of common stock at $0.01 per share, subject to reduction based on par paydown.
- Revolver amended: $15M facility with 10% cash + 3% PIK interest, maturity aligned with term loans.
- Preliminary Q4 2022: service revenue $32.8M, net loss $11.3M, Adjusted EBITDA $0.6M; full year net loss $53.4M.
- Company commenced underwritten public offering of common stock; no terms disclosed in filing.

## SEC filing metadata
- accession: 0001462418-23-000008
- form_type: 8-K
- ticker: ASPS
- cik: 0001462418
- company_name: ALTISOURCE PORTFOLIO SOLUTIONS S.A.
- filed_at: 2023-02-10T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462418/000146241823000008/0001462418-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462418/000146241823000008/asps-20230209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462418-23-000008
- JSON: https://secwatch.observer/filing/0001462418-23-000008.json
- Plain text: https://secwatch.observer/filing/0001462418-23-000008.txt

## Key facts
- Material Agreements
  ALTISOURCE PORTFOLIO SOLUTIONS S.A. amended Second Amendment with Morgan Stanley Senior Funding, Inc. as administrative agent and collateral agent (effective 2023-02-09).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Morgan Stanley Senior Funding, Inc. as administrative agent and collateral agent
  - Effective: 2023-02-09
  source text: On February 9, 2023, Altisource Portfolio Solutions S.A. (“Altisource”, and together with its subsidiaries, the “Company”) including its wholly-owned subsidiary Altisource S.a.r.l. (the “Borrower”) and its subsidiary guarantors, entered into an Amendment No. 2 (the “Second Amendment”) to its existing credit agreement dated as of April 3, 2018, among the Borrower, Altisource, the lenders from time to time party thereto, and Morgan Stanley Senior Funding, Inc. as administrative agent and collateral agent, as previously amended (the “Existing Credit Agreement”; the Existing Credit Agreement, as amended by the Second Amendment, the “Amended Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1462418/000146241823000008/0001462418-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.