---
schema_version: "secwatch.filing_event.v1"
accession: "0000939930-22-000006"
form_type: "8-K"
ticker: "PYYX"
cik: "0000939930"
company_name: "PYXUS INTERNATIONAL, INC."
filed_at: "2022-02-09T23:59:59+00:00"
generated_at: "2026-06-27T09:51:36.439758+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000939930-22-000006
- form_type: 8-K
- ticker: PYYX
- cik: 0000939930
- company_name: PYXUS INTERNATIONAL, INC.
- filed_at: 2022-02-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/939930/000093993022000006/0000939930-22-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/939930/000093993022000006/pyx-20220208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939930-22-000006
- JSON: https://secwatch.observer/filing/0000939930-22-000006.json
- Plain text: https://secwatch.observer/filing/0000939930-22-000006.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.