SCHEDULE 13G: Benefit Street Partners Discloses Nearly 30% Passive Stake in Altisource Portfolio Solutions

Benefit Street Partners L.L.C. has disclosed a significant passive ownership stake of 29.9% in Altisource Portfolio Solutions S.A., including shares underlying warrants.

Summary

• Benefit Street Partners L.L.C. (BSP) has filed a Schedule 13G, reporting its beneficial ownership in Altisource Portfolio Solutions S.A.
• BSP, acting as an investment adviser to various funds and accounts, beneficially owns an aggregate of 31,409,347 shares of Altisource Portfolio Solutions S.A. common stock.
• This ownership represents approximately 29.9% of the company's common stock deemed issued and outstanding.
• The total beneficial ownership includes 14,024,399 shares of common stock, 8,692,474 shares that may be acquired upon exercise of Cash Warrants, and 8,692,474 shares that may be acquired upon exercise of Net Settle Warrants.
• The percentage is calculated based on 87,582,129 shares of common stock reported as issued and outstanding as of March 25, 2025, in the Company's Form 10-K/A filed on April 1, 2025.
• BSP holds sole voting power and sole dispositive power over all 31,409,347 shares.
• The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer.

Sentiment

Score: 6

Explanation: The disclosure of a significant passive ownership stake by a reputable investment adviser like Benefit Street Partners L.L.C. in Altisource Portfolio Solutions S.A. is generally viewed as a neutral to slightly positive signal, indicating institutional interest without immediate intent to influence control.

Positives

• A significant ownership stake (29.9%) by an institutional investment adviser like Benefit Street Partners L.L.C. can signal confidence in Altisource Portfolio Solutions S.A.'s long-term prospects.
• The passive nature of the filing (Rule 13d-1(b)) suggests a long-term investment perspective without immediate intent to influence control or engage in activist behavior.

Future Outlook

No forward-looking statements or guidance are provided in this Schedule 13G filing.

Management Comments

• Benefit Street Partners L.L.C. certified that the securities 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.

Industry Context

This filing is a standard disclosure of a significant passive ownership stake by an institutional investor in a publicly traded company. It does not provide specific industry context beyond identifying Altisource Portfolio Solutions S.A. as the issuer.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional holder may provide a degree of confidence or stability, indicating a large investor believes in the company's long-term prospects.

Key Dates

Keywords

Altisource Portfolio Solutions, Benefit Street Partners, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Warrants, Passive Investment, L0175J104