---
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"
generated_at: "2026-05-29T02:19:49.239563+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Altisource enters debt restructuring: reduces debt $58M, extends maturity 5 years, grants 63.5% equity to lenders

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462418-24-000052
- JSON: https://secwatch.observer/filing/0001462418-24-000052.json
- Plain text: https://secwatch.observer/filing/0001462418-24-000052.txt

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