{"schema_version":"secwatch.filing_event.v1","accession":"0001462418-24-000052","form_type":"8-K","ticker":"ASPS","cik":"0001462418","company_name":"ALTISOURCE PORTFOLIO SOLUTIONS S.A.","filed_at":"2024-12-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.495508+00:00","generated_at":"2026-05-29T02:19:49.239563+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Altisource enters debt restructuring: reduces debt $58M, extends maturity 5 years, grants 63.5% equity to lenders","bullets":["Reduces debt by $58M (25%) to $172.5M: up to $110M term loan, $50M exit fee, $12.5M super senior facility.","Annual cash and PIK interest cut by ~$18M; maturity extended to April 30, 2030 from April 30, 2025.","Lenders get 57.9M shares (63.5% of pro forma equity); shareholders receive warrants for ~115M shares at $1.20.","New debt rate SOFR+6.50% (current ~10.9%) vs existing SOFR+8.75%; super senior facility has 10% OID.","Transactions require shareholder approval by March 31, 2025; preliminary proxy due by Dec 31, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001462418-24-000052","json":"https://secwatch.observer/filing/0001462418-24-000052.json","markdown":"https://secwatch.observer/filing/0001462418-24-000052.md","text":"https://secwatch.observer/filing/0001462418-24-000052.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1462418/000146241824000052/0001462418-24-000052-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1462418/000146241824000052/asps-20241216.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T02:19:49.239563+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}