secwatch.observer — SEC 8-K summary
======================================

Issuer:     ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
CIK:        0001462418
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001462418-23-000019
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462418/000146241823000019/0001462418-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462418/000146241823000019/asps-20230221.htm
  HTML page:      https://secwatch.observer/filing/0001462418-23-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer