Altisource amends credit agreement, issues warrants, and makes $20M par paydown

ALTISOURCE PORTFOLIO SOLUTIONS S.A.

Entered Amendment No. 2 to credit agreement; issued warrants to lenders for up to 3,223,851 shares at $0.01 exercise price.
$20M par paydown from public offering proceeds reduces PIK interest from 5.0% to 4.5% and warrant shares to 2,578,743.
Warrants exercisable from Feb 14, 2024 to May 22, 2027; subject to further reduction based on additional paydowns.
Registration rights agreement requires filing registration statement by Feb 14, 2024.

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