NautaDutilh advised Altisource Portfolio Solutions S.A., a leading provider and marketplace for the real estate and mortgage industries listed on Nasdaq, on two comprehensive transactions involving both debt and share restructurings.
The transactions included:
- a complex debt restructuring plan, including the conversion of a portion of Altisource’s term loans in the amount of circa. EUR 40,000,000 into equity and, in relation thereto, the implementation of a stakeholder warrant distribution, and the establishment of a management incentive plan; and
- a 1-for-8 reverse share split, effective as of 28 May 2025.
The primary objectives of these transactions were to (i) restructure the company's debt and enhance its financial stability, and (ii) enable the company to regain compliance with Nasdaq’s minimum bid price requirement of USD 1 per share for continued listing on the Global Select Market.
“It has been a pleasure to advise our longstanding client Altisource on these strategic transactions. The dedication of our team—combining corporate and capital markets expertise—was essential to achieving this positive outcome.”
The core team also included senior associate Brice Bertolotti (Corporate).
