---
schema_version: "secwatch.filing_event.v1"
accession: "0001462418-23-000066"
form_type: "8-K"
ticker: "ASPS"
cik: "0001462418"
company_name: "ALTISOURCE PORTFOLIO SOLUTIONS S.A."
filed_at: "2023-09-12T23:59:59+00:00"
generated_at: "2026-06-10T20:51:02.181737+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Altisource to repay $10M of its senior secured term loan using equity offering proceeds

## Summary
- Repayment reduces annual interest expense by ~$3.4M at current rates.
- Warrant shares cut by nearly 1M; total from 2,578,743 to 1,612,705.
- Unpaid principal balance drops from $229.8M to $219.8M after repayment.
- PIK rate falls from 4.50% to 3.75%; option to extend maturity to April 2026.
- Extension exercisable before current April 2025 maturity if 2% PIK fee paid.

## SEC filing metadata
- accession: 0001462418-23-000066
- form_type: 8-K
- ticker: ASPS
- cik: 0001462418
- company_name: ALTISOURCE PORTFOLIO SOLUTIONS S.A.
- filed_at: 2023-09-12T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462418/000146241823000066/0001462418-23-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462418/000146241823000066/asps-20230912.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462418-23-000066
- JSON: https://secwatch.observer/filing/0001462418-23-000066.json
- Plain text: https://secwatch.observer/filing/0001462418-23-000066.txt

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