secwatch.observer — SEC 8-K summary
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Issuer:     PYXUS INTERNATIONAL, INC. (PYYX)
CIK:        0000939930
Form:       8-K
Filed at:   2022-02-09T23:59:59+00:00
Accession:  0000939930-22-000006
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/939930/000093993022000006/0000939930-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/939930/000093993022000006/pyx-20220208.htm
  HTML page:      https://secwatch.observer/filing/0000939930-22-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer