AgileThought gets further interim approval of DIP financing package

By Sarah Lizee

Olympia, Wash., Nov. 8 – AgileThought, Inc. received further interim approval to access its debtor-in-possession financing package with affiliates of Blue Torch Finance, LLC, according to a fifth interim order filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

Following final court approval, the DIP financing will consist of $22.7 million in new-money term loans and a $95.94 million rollup of prepetition first-lien debt.

The rollup will bear interest at the reference rate plus 1,000 basis points per annum, payable in kind. The new money will bear interest at either the reference rate plus 1,000 bps, or, if agreed by the lenders, SOFR plus 1,100 bps per annum, in each case payable in kind. Default interest will be an additional 2% per annum, payable in kind.

The DIP facility is set to mature on Nov. 27.

A final hearing is scheduled for Nov. 16.

AgileThought is an Irving, Tex.-based provider of digital transformation services, agile software development and next generation technology solutions. The company filed bankruptcy on Aug. 29 under Chapter 11 case number 23-11294.

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