Altisource Portfolio Solutions S.A. Files Definitive Proxy Statement

TL;DR

ALTISOURCE FILES PROXY STATEMENT - SHAREHOLDERS TO VOTE ON CORPORATE MATTERS

AI Summary

Altisource Portfolio Solutions S.A. filed a Definitive Proxy Statement (DEFA14A) on December 18, 2024. This filing is related to the company's proxy materials, which are typically used for shareholder meetings to vote on corporate matters. The filing does not contain specific financial figures or details about the proposals being voted on, but it serves as official notification to shareholders.

Why It Matters

This filing is a standard regulatory requirement for public companies, informing shareholders about upcoming votes and corporate governance matters, ensuring transparency and shareholder participation.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEFA14A) and does not inherently present new financial or operational risks.

Key Players & Entities

• ALTISOURCE PORTFOLIO SOLUTIONS S.A. (company) — Registrant
• 0001104659-24-129818 (filing_id) — Accession Number
• 20241218 (date) — Filing Date

FAQ

Key Financial Figures

• $12.5 million — commitment letter and term sheet for a $12.5 million super senior credit facility, each of w
• $231 million — ebt would be reduced from approximately $231 million to a $110 million term loan and a $50 m
• $110 million — ed from approximately $231 million to a $110 million term loan and a $50 million non-interes
• $50 million — llion to a $110 million term loan and a $50 million non-interest-bearing exit fee which wou
• $18 million — rate, this represents an approximately $18 million per year reduction in cash and PIK inte
• $1.20 — s of Altisource at an exercise price of $1.20 per share to pre-transaction Altisource
• $15 million — Altisource would terminate its existing $15 million pari-passu revolver. We anticipate usin
• $58 million — nding debt obligations would decline by $58 million and cash would increase by $6.3 million
• $6.3 m — $58 million and cash would increase by $6.3 million, which represents the estimated u
• $1.93 — tisource’s share price were to be $1.93 per share and the pre-transaction share
• $60.4 million — ome a long way since 2021, when we used $60.4 million of net cash for operations. Annualizing
• $55 million — ed our operating cash flow by more than $55 million over the three-year period. We have acc

Filing Documents

• tm2431537d1_defa14a.htm (DEFA14A) — 35KB
• 0001104659-24-129818.txt ( ) — 37KB

Forward-Looking Statements

Forward-Looking Statements This communication contains forward-looking statements that involve a number of risks and uncertainties. These forward-looking statements include all statements that are not historical fact, including statements that relate to, among other things, future events or our future performance or financial condition, including without limitation, statements relating to the Company’s entry into and the terms of the definitive documents relating to the transactions contemplated by the TSA (as defined in this communication) described and consummating the Transactions, as well as the number of shares for which the Stakeholder Warrants may be exercisable. These statements may be identified by words such as “anticipate,” “intend,” “expect,” “may,” “could,” “should,” “would,” “plan,” “estimate,” “seek,” “believe,” “potential” or “continue” or the negative of these terms and comparable terminology. Such are not guarantees of future performance and involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially. Important factors that could cause actual results to differ materially from those suggested by the forward-looking with the Securities and Exchange Commission, as the same may be updated from time to time in our Form 10-Q filings. We caution you not to place undue reliance on these forward-looking statements which reflect our view only as of the date of this report. We are under no obligation (and expressly disclaim any obligation) to update or alter any forward-looking sta

View Full Filing

View this DEFA14A filing on SEC EDGAR