Brief: Agilethought Announces Strategic Financial Restructuring To Strengthen Financial Future
28/08/2023 09:09
Aug 28 (Reuters) - Agilethought Inc AGIL.O :
* AGILETHOUGHT ANNOUNCES STRATEGIC FINANCIAL RESTRUCTURING
TO
STRENGTHEN FINANCIAL FUTURE
* AGILETHOUGHT SAYS SECURES ADDITIONAL FUNDING TO SUPPORT
OPERATIONS AND ENTERS INTO AGREEMENT TO GO-PRIVATE WITH BACKING
OF ITS SENIOR SECURED LENDERS
* BLUE TORCH HAS AGREED TO PROVIDE APPROXIMATELY $22 MILLION
IN
NEW-MONEY FINANCING
* A BLUE TORCH AFFILIATE HAS AGREED TO SERVE AS
STALKING-HORSE
BUYER OF SUBSTANTIALLY ALL OF AGILETHOUGHT'S ASSETS
* THE DAY-TO-DAY OPERATIONS OF THE COMPANY WILL CONTINUE
SEAMLESSLY, WITHOUT DISRUPTION
* AGILETHOUGHT - ADDITIONAL WORKING CAPITAL FUNDING,
GO-PRIVATE
TRANSACTION, AND RESTRUCTURING THAT, WILL REDUCE CO'S DEBT LOAD,
INFUSE NEW CAPITAL
Source text for Eikon: ID:nPn3DDWva
Further company coverage: AGIL.O
((Reuters.Briefs@thomsonreuters.com;))
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Brief: Agilethought Announces Strategic Financial Restructuring To Strengthen Financial Future