An Global’s $148 Million Amended Credit Agreement with Monroe


Kuri Breña, Sánchez Ugarte y Aznar, and Sidley Austin acted as legal counsel to Monroe Capital Management Advisors. Skadden and Galicia acted as legal counsel to Credit Suisse and Nexxus. Mayer Brown, Álvarez Díaz Silveira, and Creel García Cuellar, Aiza y Enriquez advised An Global on the deal.

Monroe Capital Management Advisors and An GLobal completed the amendment to the credit agreement entered into by and between Monroe as Lender and An GLobal as Borrower, in November 2018, to increase the Loan in an amount up to $50,000,000.00 USD.

An Global will use such increase to partially finance the acquisition of Agilethought, a software Florida Company.

The other part of the acquisition was financed by Credit Suisse Mexico, S.A. and Nexxus.

Since Credit Suisse and Nexxus enter into an intercreditor and subordination agreement with Monroe, they use the guaranties previously granted to Monroe but will be second place beneficiaries.

Kuri Breña, Sánchez Ugarte y Aznar, Monroe in the preparation of amendments to all the Security Documents prepared in November, including, and Amendment and Restatement to the Administration Trust which hold certain accounts receivables, and the security trust who owns all the equity of the Mexican Subsidiaries.

Kuri Breña, Sánchez Ugarte y Aznar also prepared a contribution agreement to transfer all the intellectual property into the Security trust above mentioned, and several amendments to the equity and share pledge agreements, to the non-possessory pledge agreements, to acknowledge and bound the Mexican Subsidiaries for the new secured amounts.

Kuri Breña, Sánchez Ugarte y Aznar team was led by partner Guillermo Garay (Picture), and included Alfonso Alfaro Rincón Gallardo and Selene Gonzalez Rivera.

Involved fees earner: Guillermo Garay Espinosa – Kuri Breña Sánchez Ugarte y Aznar; Selene Gonzalez Rivera – Kuri Breña Sánchez Ugarte y Aznar; Alfonso Alfaro Rincón Gallardo – Kuri Breña Sánchez Ugarte y Aznar;

Law Firms: Kuri Breña Sánchez Ugarte y Aznar;

Clients: Monroe Capital Management Advisors;

Author: Ambrogio Visconti.