Brief: Altisource Says It Has Entered Into A Transaction Support Agreement With Lenders

Altisource Portfolio Solutions SA

17/12/2024 02:50

Dec 16 (Reuters) - Altisource Portfolio Solutions SA
 ASPS.O :
    * ALTISOURCE ANNOUNCES IT HAS ENTERED INTO A TRANSACTION
SUPPORT
AGREEMENT WITH LENDERS HOLDING APPROXIMATELY 99% OF THE
COMPANY'S TERM LOANS TO EFFECTUATE EXCHANGE, AMENDMENT AND
MATURITY EXTENSION TRANSACTIONS
    * ALTISOURCE PORTFOLIO SOLUTIONS SA - TO REDUCE DEBT
OBLIGATIONS
FROM $231 MILLION TO $172.5 MILLION
    * ALTISOURCE PORTFOLIO SOLUTIONS SA - LENDERS TO RECEIVE
57.9
MILLION COMMON SHARES OF ALTISOURCE

Source text:  ID:nGNX7wWhnV 
Further company coverage:  ASPS.O 

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