Articles from Altisource Portfolio Solutions S.A.

LUXEMBOURG, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (Nasdaq: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced a proposed issuance under Luxembourg law under the authorized share capital mechanism, which is more commonly referred to as a distribution in the United States (the “Warrant Distribution”), of transferable Warrants (as defined below) to holders (collectively, the “Stakeholders”) of Altisource’s (i) common stock (the “Common Stock”), (ii) restricted share units (“RSUs”) and (iii) outstanding warrants to purchase shares of Common Stock at an exercise price of $0.01 per share (“Existing Warrants”), in each case, as of 5:00 p.m., New York City time, on February 14, 2025 (the “Distribution Record Date”). The Warrant Distribution is contingent upon, among other things, approval by the Company’s shareholders of the proposals set forth in the Company’s definitive proxy statement on Schedule 14A filed with the SEC on January 3, 2025 (the “Proxy Statement”) and the consummation of the transactions contemplated by that certain previously disclosed Transaction Support Agreement (the “Transactions”), which Transactions are summarized in the Proxy Statement.

The Transactions Contemplated by the Agreement Would (a) Reduce the Company’s Current Outstanding Debt Obligations from an aggregate principal amount of $231 Million to, collectively, (i) an up to $110 Million Term Loan, (ii) an up to $50 Million Non-Interest Bearing Exit Fee and (iii) a $12.5 Million Super Senior Credit Facility, (b) Decrease the Company’s Annual Cash and PIK Interest by Approximately $18 million1, (c) Extend the Maturity Date of the Term Loan by Five Years, (d) Grant Equity to Lenders, and (e) Grant Warrants to Shareholders

LUXEMBOURG, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced that it anticipates holders of Altisource’s common stock, restricted share units and existing penny warrants (“Existing Warrants”), in each case, of record as of February 14, 2025 will receive warrants to purchase approximately 3.25 shares of Altisource common stock at an exercise price of $1.20 per share (the “Warrants”) for each share of common stock, restricted share unit and share of common stock issuable upon exercise of Existing Warrants. The Warrants are a component of the previously announced anticipated exchange, amendment and maturity extension transaction of the Company’s term loans and certain other transactions (collectively, the “Transactions”) contemplated by the Transaction Support Agreement the Company and its wholly owned subsidiary, Altisource S.À R.L., entered into on December 16, 2024 with holders of approximately 99% of the total outstanding principal amount of the Company’s outstanding term loans. Issuance of the Warrants is subject to shareholder approval of each of the proposals (the “Proposals”) set forth in the Company’s definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on January 3, 2025 (the “Proxy Statement”) and the closing of the Transactions.

LUXEMBOURG, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the third quarter 2024.

LUXEMBOURG, Oct. 22, 2024 (GLOBE NEWSWIRE) -- On Thursday, October 24, 2024, Altisource Portfolio Solutions S.A. (“Altisource”) (NASDAQASPS) will report earnings for the third quarter 2024. A press release and presentation will be available on Altisource’s website in the Investor Relations section.

LUXEMBOURG, July 25, 2024 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the second quarter 2024.

LUXEMBOURG, July 23, 2024 (GLOBE NEWSWIRE) -- On Thursday, July 25, 2024, Altisource Portfolio Solutions S.A. (“Altisource”) (NASDAQASPS) will report earnings for the second quarter 2024. A press release and presentation will be available on Altisource’s website in the Investor Relations section.

Lenders One Members can help their borrowers obtain quotes from multiple insurance providers to secure homeowners and automobile insurance coverage

LUXEMBOURG, April 25, 2024 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the first quarter 2024.

LUXEMBOURG, April 18, 2024 (GLOBE NEWSWIRE) -- On Thursday, April 25, 2024, Altisource Portfolio Solutions S.A. (“Altisource”) (NASDAQASPS) will report earnings for the first quarter 2024. A press release and presentation will be available on Altisource’s website in the Investor Relations section.

LUXEMBOURG, March 07, 2024 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the fourth quarter and full year 2023.

LOS ANGELES, March 04, 2024 (GLOBE NEWSWIRE) -- Lenders One® Cooperative (“L1” or “Lenders One”), a national alliance of independent mortgage bankers, banks and credit unions, managed by a subsidiary of Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQASPS), welcomes members and providers to the L1 Summit, its annual conference at L.A. LIVE in Los Angeles, CA. During the three-day event, members will celebrate the strength of Lenders One and attend keynotes with industry leading speakers, participate in education sessions, and experience one-of-a-kind networking events.

LUXEMBOURG, Feb. 22, 2024 (GLOBE NEWSWIRE) -- On Thursday, March 7, 2024, Altisource Portfolio Solutions S.A. (“Altisource”) (NASDAQASPS) will report earnings for the fourth quarter and full year 2023. A press release and presentation will be available on Altisource’s website in the Investor Relations section.

Hubzu®, Equator®, and RentRange® Honored for Being Leaders in Real Estate Technology and Innovation

EL PASO, Texas, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Lenders One® Cooperative (“L1” or “Lenders One”), a national alliance of independent mortgage bankers, banks and credit unions managed by a subsidiary of Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQASPS), is pleased to welcome 29 new member companies that joined during the 2023 calendar year.

LUXEMBOURG, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced that Hubzu, Altisource’s industry leading online auction marketplace, has expanded its collaboration with NCST (National Community Stabilization Trust), a national nonprofit housing organization, to bolster the supply of affordable, single-family homes. This strategic collaboration will offer Hubzu homes that are available for sale under the Federal Housing Administration (FHA) Claims Without Conveyance of Title (CWCOT) second chance program to NCST and their dedicated community of buyers, fortifying neighborhood stability, fostering community wealth, and promoting racial equity.

LUXEMBOURG, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the third quarter 2023.

LUXEMBOURG, Oct. 24, 2023 (GLOBE NEWSWIRE) -- On Thursday, October 26, 2023, Altisource Portfolio Solutions S.A. (“Altisource”) (NASDAQASPS) will report earnings for the third quarter 2023. A press release and presentation will be available on Altisource’s website in the Investor Relations section.

LUXEMBOURG, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced that Celink™, a leading reverse mortgage subservicer, retained Altisource as its REO asset manager for a portion of its HECM/reverse mortgage portfolio.

LUXEMBOURG, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQASPS), a leading provider and marketplace for the real estate and mortgage industries, announces it provided notice to lenders under the Company's senior secured term loan (“SSTL”) that it intends to repay $10 million of the SSTL using proceeds from Altisource’s recently closed public offering of common stock.

LUXEMBOURG, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced the pricing of an underwritten public offering of 4,861,111 shares of its common stock at a price to the public of $3.60 per share. The gross proceeds of the offering to Altisource are expected to be approximately $17.5 million, before deducting the underwriting discounts and commissions and other estimated offering expenses. In addition, the Company granted the underwriters a thirty-day option to purchase up to an additional 729,166 shares of common stock at the public offering price, less underwriting discounts and commissions. All of the shares of common stock in the offering are being sold by Altisource.

LUXEMBOURG, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced that it has commenced an underwritten public offering of shares of common stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering. In addition, the Company intends to grant the underwriters a thirty-day option to purchase up to an additional 15% of shares of its common stock offered in the public offering.

LUXEMBOURG, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced certain preliminary unaudited financial results for July 2023, a status update on the July 2023 cost reduction plan, updated guidance for adjusted earnings before interest, tax, depreciation and amortization (“Adjusted EBITDA”) for the second half of 2023, and an updated Run-Rate scenario.

LUXEMBOURG, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced that Equator, Altisource’s industry leading SaaS residential loan and real estate management platform, recently added six new customers. Equator’s growing list of customers now includes Dawson’s Realty & Mortgages Inc., FlippingUSA, Scottsdale REI, LLC DBA Scottsdale Mortgage Investments, and three others.

LUXEMBOURG, July 27, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the second quarter 2023.

LUXEMBOURG, July 24, 2023 (GLOBE NEWSWIRE) -- On Thursday, July 27, 2023, Altisource Portfolio Solutions S.A. (“Altisource”) (NASDAQASPS) will report earnings for the second quarter 2023. A press release and presentation will be available on Altisource’s website in the Investor Relations section.

LUXEMBOURG, April 27, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the first quarter 2023.

LUXEMBOURG, April 24, 2023 (GLOBE NEWSWIRE) -- On Thursday, April 27, 2023, Altisource Portfolio Solutions S.A. (“Altisource”) (NASDAQASPS) will report earnings for the first quarter 2023. A press release and presentation will be available on Altisource’s website in the Investor Relations section.

LUXEMBOURG, March 30, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the fourth quarter and full year 2022.

LUXEMBOURG, March 23, 2023 (GLOBE NEWSWIRE) -- On Thursday, March 30, 2023, Altisource Portfolio Solutions S.A. (“Altisource”) (NASDAQASPS) will report earnings for the fourth quarter and full year 2022. A press release and presentation will be available on Altisource’s website in the Investor Relations section.

LAS VEGAS, March 06, 2023 (GLOBE NEWSWIRE) -- Lenders One® Cooperative (“L1” or “Lenders One”), a national alliance of independent mortgage bankers, banks and credit unions, today welcomes members and providers in Las Vegas, NV at the L1 Summit, its annual conference. The Cooperative members will celebrate the strength of the cooperative and participate in education sessions, keynotes and networking events designed to help members reduce costs, increase profitability and navigate the mortgage markets. L1 Summit features many of the top industry experts and member-only networking and education sessions, to showcase best practices for the current industry cycle.

Debt repayment reduces PIK Interest and Warrant Shares

LUXEMBOURG, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced that it executed an amendment to the Company’s term loans on February 9, 2023 (the “Term Loan Amendment") which the parties anticipate will close on February 14, 2023. The Term Loan Amendment, among other things, extends the maturity date to April 2025 with an option to extend to April 2026, subject to certain prepayment and other terms and conditions.

LUXEMBOURG, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced the pricing of an underwritten public offering of 4,000,000 shares of its common stock at a price to the public of $5.00 per share. The gross proceeds of the offering to Altisource are expected to be approximately $20 million, before deducting the underwriting discounts and commissions and other estimated offering expenses. In addition, the Company granted the underwriters a thirty-day option to purchase up to an additional 600,000 shares of common stock at the public offering price, less underwriting discounts and commissions. All of the shares of common stock in the offering are being sold by Altisource.

LUXEMBOURG, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced that it has commenced an underwritten public offering of shares of common stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering. In addition, the Company intends to grant the underwriters a thirty-day option to purchase up to an additional 15% of shares of its common stock offered in the public offering.

Improved 2022 Gross Profit Margins to 15% from 4% in 2021 and Improved 2022 Adjusted EBITDA by $15 million Compared to 2021

The NestRange SaaS Property Data Platform Offers Users a Highly Accurate and Customizable Experience

LUXEMBOURG, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the third quarter 2022.

Walmart-based Mortgage Branches powered by Lenders One members offer prospective homebuyers and homeowners access to mortgage origination solutions within the community where they shop, live and work

LUXEMBOURG, Oct. 28, 2022 (GLOBE NEWSWIRE) -- On Thursday, November 3, 2022, Altisource Portfolio Solutions S.A. (“Altisource”) (NASDAQASPS) will report earnings for the third quarter 2022. A press release and presentation will be available on Altisource’s website in the Investor Relations section.

Walmart-based Mortgage Branches powered by Lenders One members offer prospective homebuyers and homeowners access to mortgage origination solutions within the community where they shop, live and work

Walmart-based Mortgage Branches powered by Lenders One members offer prospective homebuyers and homeowners access to mortgage origination solutions within the community where they shop, live and work