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Altisource Residential increases loan facility to $250M

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Altisource Residential increases loan facility to $250M

Altisource ResidentialCorp. amended its loan and security agreement with Nomura CorporateFunding Americas LLC to boostthe facility's size to $250.0 million from $200.0 million.

The company added that the amended agreement extends the facility'sterm for one year, to April 6, 2017. All other terms of the loan facility remainsubstantially intact, according to an April 13 filing.

The original facility had roughly $188.3 million outstandingbefore the company, acting through its subsidiaries, entered into the amended agreementApril 7.