The lenders have restructured their existing term loans into a USD 110 million interest-bearing first-lien loan, extending the maturity by five years and including a USD 50 million non-interest-bearing exit fee. Additionally, they received 63.5% of Altisource’s pro forma outstanding shares and a USD 12.5 million super senior credit facility.
Altisource is a leading integrated service provider and marketplace for the real estate and mortgage industries.
The dedication of our team members, combining financial law and tax expertise, has been instrumental in securing this positive outcome for Altisource.
