Altisource Taps Banker to Explore Options as It Nears Debt Wall

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 weighing options including a potential amend-and-extend deal, said the people, who asked not to be identified because the talks are private.

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 public filings. The loan is currently quoted at 80 cents on the dollar, according to ...