debt
confidence high
sentiment neutral
materiality 0.50
Pyxus expands eligible holders for exchange of 10% 2024 notes for 8.5% 2027 notes
PYXUS INTERNATIONAL, INC.
- Amendment allows institutional accredited investors to participate in exchange offer.
- Exchange offer: existing 10.00% Senior Secured First Lien Notes due 2024 for new 8.50% Senior Secured Notes due 2027.
- Expiration date February 2, 2023; settlement expected on or about February 6, 2023.
- All other terms and conditions of the exchange offer and consent solicitation unchanged.
- Notes are secured; consent solicitation sought to amend indentures governing existing notes.