Item 1.01 Entry Into a Material Definitive Agreement.
OnOctober 14, 2021 AgileThought, Inc. ("AgileThought") entered into an Eighth Amendment (the "Amendment") to the Amended and Restated Credit Agreement by and amongIT Global Holding LLC ,4th Source LLC ,AgileThought, LLC ,AN Extend, S.A. de C.V. ,AN Evolution S. de R.L. de C.V. ,AN Global LLC ,AgileThought, Inc. , the financial institutions party thereto as lenders, andMonroe Capital Management Advisors, LLC , as Administrative Agent (the "Credit Facility"). The Amendment extends the due date of the amortization payment obligation of$4,000,000 thatAgileThought owed pursuant to the Credit Facility fromOctober 15, 2021 toOctober 29, 2021 . Item 8.01 Other Events. OnOctober 12, 2021 AgileThought entered into a letter of intent (the "Letter of Intent") withMonroe Capital Management Advisors, LLC , as Administrative Agent, in connection with the Credit Facility. The Letter of Intent includes possible terms and conditions of an additional amendment to the Credit Facility, including a further extension of the due date for the amortization payment of$4,000,000 toNovember 20, 2021 , and a resetting of the financial ratio covenants in the Credit Agreement. In consideration for the extension and reset, the Letter of Intent contemplates payments of$20,000,000 aggregate principal amount under the Credit Facility, payable byNovember 20, 2021 , plus a fee equal to 2.50% of the outstanding loans, payable on the Credit Facility termination date. The Letter of Intent also contemplates the potential issuance of 3,000,000 shares ofAgileThought's Class A Common Stock to supportAgileThought's obligations under the Credit Facility, extension of the lock-up arrangements of certain shareholders, and warrants to purchase$5,000,000 worth of shares ofAgileThought's Class A Common Stock. Once the terms are agreed between the parties, an additional amendment to the Credit Facility will be executed.
The foregoing description of the Amendment does not constitute a complete summary of the Amendment and is qualified by reference in its entirety to the full text of the Amendment filed herewith. The other material terms and conditions set forth in the Credit Facility remain unchanged. For a description of the Credit Facility, seeAgileThought's Registration Statement on Form S-1 filed with theU.S. Securities and Exchange Commission onSeptember 14, 2021 andAgileThought's Current Report on Form 8-K filed with theU.S. Securities and Exchange Commission onOctober 7, 2021 .
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit Number Exhibit Description 10.1 Eighth Amendment to Amended and Restated
Credit Agreement, dated October
1 4 , 2021, by and among IT Global
Holding LLC,
AgileThought, LLC ,AN Extend, S.A. de C.V. , AN
Evolution S. de R.L. de
C.V.,AN Global LLC ,AgileThought, Inc. , the
financial institutions party
thereto as lenders, and Monroe Capital
104 Cover Page Interactive Data File - the cover
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