Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
What is insider trading>>
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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Altisource Portfolio Solutions S.A. (Name of Issuer) |
Common Stock, $0.01 par value (Title of Class of Securities) |
L0175J104 (CUSIP Number) |
03/31/2025 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
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 Rule 13d-1(c)
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| Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | L0175J104 |
| 1 | Names of Reporting Persons
Benefit Street Partners L.L.C. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
31,409,347.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
29.9 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IA |
Comment for Type of Reporting Person: See Item 2 for additional information.
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
Altisource Portfolio Solutions S.A. | |
| (b) | Address of issuer's principal executive offices:
33, Boulevard Prince Henri, L-1724 Luxembourg, Grand Duchy of Luxembourg | |
| Item 2. | ||
| (a) | Name of person filing:
This report on Schedule 13G is being filed by Benefit Street Partners L.L.C. ("BSP") and relates to the shares of common stock, $0.01 par value (the "Common Stock"), of Altisource Portfolio Solutions S.A. (the "Company"), inclusive of the shares of the Common Stock that underly warrants issued by the Company to purchase the shares of the Common Stock exercisable on a cash basis (the "Cash Warrants") and the shares of the Common Stock exercisable on a cashless basis (the "Net Settle Warrants"), in each case as beneficially owned by one or more funds or accounts managed by BSP and/or its affiliates (collectively, the "BSP Funds and Accounts"). BSP is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940, as amended, and, as the investment adviser to the BSP Funds and Accounts, may be deemed to beneficially own 14,024,399 shares of the Common Stock held by the BSP Funds and Accounts, 8,692,474 shares of the Common Stock that may be acquired upon exercise of the Cash Warrants and 8,692,474 shares of the Common Stock that may be acquired upon exercise of the Net Settle Warrants held by the BSP Funds and Accounts. As of the date of this report, for purposes of Rule 13d-3 under
the Securities Exchange Act of 1934, as amended, BSP may be deemed to beneficially own approximately 29.9% of the shares of the Common Stock deemed issued and outstanding based upon the 87,582,129 shares of the Common Stock reported as issued and outstanding as of March 25, 2025 in the Company's Form 10-K/A filed with the Securities and Exchange Commission on April 1, 2025. | |
| (b) | Address or principal business office or, if none, residence:
The principal business address of BSP is 1 Madison Avenue, Suite 1600, New York, NY 10010. | |
| (c) | Citizenship:
BSP is a limited liability company organized under the laws of the State of Delaware. | |
| (d) | Title of class of securities:
Common Stock, $0.01 par value | |
| (e) | CUSIP No.:
L0175J104 | |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
31,409,347.00 | |
| (b) | Percent of class:
29.9 % %
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| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
31,409,347.00 | ||
| (ii) Shared power to vote or to direct the vote:
0.00 | ||
| (iii) Sole power to dispose or to direct the disposition of:
31,409,347.00 | ||
| (iv) Shared power to dispose or to direct the disposition of:
0.00 | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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