Pyxus enters $100M ABL credit facility with PNC, refinances existing debt

PYXUS INTERNATIONAL, INC.

New $100M ABL facility ($20M accordion to $120M) matures Feb 8, 2027; BSBY+300bps or base+200bps.
Proceeds used to refinance existing senior debt, pay fees, fund capex and working capital.
Terminated the prior $100M Exit ABL Credit Agreement with Wells Fargo, repaid all borrowings.
Springing covenant: fixed charge coverage ratio >=1.10x during dominion; min Domestic Availability $20M.

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