Altisource Announces Intention to Exercise $200 Million Accordion Feature and Amend Senior Secured Term Loan

Altisource Announces Intention to Exercise $200 Million Accordion Feature and
Amend Senior Secured Term Loan

LUXEMBOURG, April 24, 2013 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions
S.A. (Nasdaq:ASPS) today announced that it will hold a lenders meeting with
regard to its wholly-owned subsidiary, Altisource Solutions S.à r.l.,
exercising the $200 million accordion feature under its existing Senior
Secured Term Loan ("SSTL"), and seeking modifications to covenants to increase
the ability to repurchase the Company's stock and to certain other provisions
of the SSTL. The net proceeds resulting from the accordion exercise are
expected to be used to fund the remainder of the previously announced
transaction with Ocwen Financial Corporation related to the Residential
Capital, LLC servicing portfolio, for stock repurchases and for general
corporate purposes including potential acquisitions. The Company currently
expects to close the SSTL accordion exercise and amendments in early May. The
Company noted further that notwithstanding the current intention to incur
debt, there can be no assurance that sufficient debt capacity will be
available as needed on terms acceptable to the Company.

Forward-Looking Statements

This press release contains forward-looking statements that involve a number
of risks and uncertainties. Those forward-looking statements include all
statements that are not historical fact, including statements about
management's beliefs and expectations. Forward-looking statements are based on
management's beliefs as well as assumptions made by and information currently
available to management. Because such statements are based on expectations as
to future economic performance and are not statements of historical fact,
actual results may differ materially from those projected. The Company
undertakes no obligation to update any forward-looking statements whether as a
result of new information, future events or otherwise. The risks and
uncertainties to which forward-looking statements are subject include, but are
not limited to: Altisource's ability to retain existing customers and attract
new customers; general economic and market conditions; governmental
regulations, taxes and policies; availability of adequate and timely sources
of liquidity and debt financing; and other risks and uncertainties detailed in
the "Forward-Looking Statements," "Risk Factors" and other sections of the
Company's Form 10-K and other filings with the Securities and Exchange
Commission.

About Altisource 

Altisource Portfolio Solutions S.A. (Nasdaq:ASPS) is a global 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. Additional information is
available at www.altisource.com.

CONTACT: Mark F. A. Kearns
         Chief Accounting Officer
         T:  +352 2469 7954
         E:  mark.kearns@altisource.lu
 
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