Altisource gets $45 million three-year revolver via STS Mater Fund

By Devika Patel

Knoxville, Tenn., June 23 – Altisource Portfolio Solutions SA subsidiary Altisource Sarl has secured a $45 million three-year revolving credit facility through lender STS Mater Fund, Ltd. on June 22, according to a press release.

The credit agreement provides Altisource the ability to borrow up to $20 million through June 22, 2022, up to $15 million through June 22, 2023 and up to $10 million until the end of the term.

Proceeds will be used for general corporate purposes.

Altisource is a Luxembourg-based provider of services focused on high-value, technology-enabled knowledge-based solutions principally related to real estate and mortgage portfolio management, asset recovery and customer relationship management.

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