secwatch.observer — SEC 8-K summary
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Issuer:     ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
CIK:        0001462418
Form:       8-K
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0001462418-25-000025
Event type: debt
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 1.02, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altisource completes exchange of $232.8M term loans for new $160M facility and 58.2M shares
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- Lenders exchanged $232.8M of senior secured term loans for $160M new first lien loan ($110M interest-bearing + $50M exit fee) and 58.2M common shares.
- New $12.5M super senior facility (SOFR+6.5%, 10% OID) entered to fund transaction costs and general corporate purposes.
- Prior Credit Agreement and Deer Park Revolver terminated; maturity extended to 2029-2030.
- Registration rights for resale of Debt Exchange Shares; filing due by Feb 19, 2026.
- Napier Park and UBS each may nominate one independent director to board by Mar 3, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462418/000146241825000025/0001462418-25-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462418/000146241825000025/asps-20250219.htm
  HTML page:      https://secwatch.observer/filing/0001462418-25-000025

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