Altisource Announces Closing of the Previously Announced Exchange and Maturity Extension Transactions of the Company's Term Loans
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Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) has completed its exchange transaction with all lenders of its senior secured term loans and has entered into a $12.5 million super senior credit facility.
February 20, 2025 | 12:45 pm
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Altisource has successfully closed its exchange transaction with all lenders of its senior secured term loans and secured a $12.5 million super senior credit facility.
The completion of the exchange transaction and the new credit facility likely improve Altisource's financial stability and liquidity, which is positive for the company's short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100