{"id":46834,"date":"2023-01-26T04:16:50","date_gmt":"2023-01-26T04:16:50","guid":{"rendered":"http:\/\/www.brandon.ddtest.info\/multisite-test\/altisource-taps-banker-to-explore-options-as-it-nears-debt-wall\/"},"modified":"2023-01-26T04:16:50","modified_gmt":"2023-01-26T04:16:50","slug":"altisource-taps-banker-to-explore-options-as-it-nears-debt-wall","status":"publish","type":"post","link":"http:\/\/www.brandon.ddtest.info\/multisite-test\/altisource-taps-banker-to-explore-options-as-it-nears-debt-wall\/","title":{"rendered":"Altisource Taps Banker to Explore Options as It Nears Debt Wall"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\"><!----><!----><\/p>\n<header class=\"TheArticle_header_R8qvI\"><!----><\/header>\n<p><span>Jan. 25, 2023, 9:59 PM<\/span><!----><!----><\/p>\n<aside data-test=\"article-toolbar\" class=\"TheArticleToolBar_buttons_1KnBV TheArticle_toolBar_3aGVC\"><!----><!----><!----><\/aside>\n<article data-test=\"article-body\" class=\"TheArticle_article_1WieB\">\n<aside class=\"TheArticleSnapshot_snapshot_1dMDc\">\n<ul>\n<li>The mortgage services firm has a revolver and loan due in 2024<\/li>\n<li>Performance has been hurt by the pandemic, lower origination<\/li>\n<\/ul>\n<\/aside>\n<div class=\"TheArticle_wrapperCta_36F7M\">\n<div>\n<div class=\"QvNnGjy8J7gi\">\n<div>\n<p><rte.company state=\"{&quot;_id&quot;:&quot;00000185-eaf2-d8f6-a9f5-fafedff40000&quot;,&quot;_type&quot;:&quot;00000160-4b23-d8bd-adfd-4b3348fd0000&quot;}\">Altisource Portfolio Solutions<\/rte.company> is working with bankers at <bsp.bb.link state=\"{&quot;bbHref&quot;:&quot;bbg:\/\/securities\/666296Z%20US%20Equity&quot;,&quot;_id&quot;:&quot;00000185-eaf2-d8f6-a9f5-fafedff50000&quot;,&quot;_type&quot;:&quot;0000016b-944a-dc2b-ab6b-d57ba1cc0000&quot;}\">Guggenheim Partners LLC<\/bsp.bb.link> to help tackle its upcoming debt maturities, according to people with knowledge of the matter.<\/p>\n<p>The company is weighing options including a potential amend-and-extend deal, said the people, who asked not to be identified because the talks are private.<\/p>\n<p>Altisource, which caters to loan and mortgage servicers and originators with marketplace and technology products, has a revolver and roughly $247.2 million term loan due in April 2024, as of Sept. 30, according to <bsp.bb.link state=\"{&quot;bbHref&quot;:&quot;bbg:\/\/screens\/DOCV%20CF%200001462418-22-000046&quot;,&quot;_id&quot;:&quot;00000185-eaf2-d8f6-a9f5-fafedff60000&quot;,&quot;_type&quot;:&quot;0000016b-944a-dc2b-ab6b-d57ba1cc0000&quot;}\">public filings<\/bsp.bb.link>. The <rte.company state=\"{&quot;_id&quot;:&quot;00000185-eaf2-d8f6-a9f5-fafedff60001&quot;,&quot;_type&quot;:&quot;00000160-4b23-d8bd-adfd-4b3348fd0000&quot;}\">loan<\/rte.company> is currently quoted at 80 cents on the dollar, according to &#8230;<\/p>\n<\/div>\n<\/div>\n<p><!----><!----><\/div>\n<\/div>\n<\/article>\n<aside data-test=\"article-side-rail\" class=\"TheArticle_sideRail_1WlzC\">\n<div data-test=\"article-contributor\" class=\"TheArticlePersonCard_card_2_q5p\"><img src=\"https:\/\/db0ip7zd23b50.cloudfront.net\/dims4\/default\/a804ee6\/2147483647\/legacy_thumbnail\/80x80%3E\/quality\/90\/?url=https%3A%2F%2Fbspot-prod.bna.com%2Forca%2Fapi%2Frendition%2Fshow%2F2908835%2Forca77428.png\" alt=\"Rachel Butt\" class=\"TheArticlePersonCard_avatar_3dY3N\"\/><\/p>\n<div>\n<p> Rachel Butt <\/p>\n<p>Bloomberg News<\/p>\n<\/div>\n<\/div>\n<p><!----><!----><\/aside>\n<p><!----><\/p>\n<div aria-hidden=\"true\" class=\"TheArticle_printFooter_2q7yt\">\n<p> \u00a9 2023 Bloomberg Industry Group, Inc. <\/p>\n<p>All Rights Reserved<\/p>\n<\/div>\n<p><!----><\/div>\n\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMibGh0dHBzOi8vbmV3cy5ibG9vbWJlcmdsYXcuY29tL2JhbmtydXB0Y3ktbGF3L2FsdGlzb3VyY2UtdGFwcy1iYW5rZXItdG8tZXhwbG9yZS1vcHRpb25zLWFzLWl0LW5lYXJzLWRlYnQtd2FsbNIBAA?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jan. 25, 2023, 9:59 PM The mortgage services firm has a revolver and loan due in 2024 Performance has been hurt by the pandemic, lower origination Altisource Portfolio Solutions is working with bankers at Guggenheim Partners LLC to help tackle its upcoming debt maturities, according to people with knowledge of the matter. The company is &hellip;<\/p>\n","protected":false},"author":1,"featured_media":46835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[161],"tags":[],"_links":{"self":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/46834"}],"collection":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/comments?post=46834"}],"version-history":[{"count":0,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/46834\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media\/46835"}],"wp:attachment":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media?parent=46834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/categories?post=46834"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/tags?post=46834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}