Pyxus extends ABL credit facility maturity to Feb 8, 2027 via second amendment

PYXUS INTERNATIONAL, INC.

Pyxus Holdings and its subsidiaries as borrowers, with Pyxus International as guarantor, entered Second Amendment to ABL Credit Agreement on May 23, 2023.
Maturity of the $100M asset-based revolving credit facility extended from prior date to February 8, 2027.
Amendment updates provisions to reflect the debt exchange transactions completed by Pyxus Holdings on February 6, 2023.
The amendment is with PNC Bank as administrative agent and lender; other lenders party to the agreement.
Conditions precedent include delivery of executed counterparts and payment of accrued fees to Blank Rome LLP.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

PYXUS INTERNATIONAL, INC. amended Second Amendment to ABL Credit Agreement with PNC Bank, National Association (effective 2023-05-23).

Action: amendment
Agreement: credit facility
Counterparty: PNC Bank, National Association
Effective: 2023-05-23

Exact text from the filing

On May 23, 2023, Pyxus Holdings, Inc. ("Pyxus Holdings"), a wholly owned subsidiary of Pyxus International, Inc. (the “Company”), certain subsidiaries of Pyxus Holdings (together with Pyxus Holdings, the "Borrowers"), and the Company and its wholly owned subsidiary, Pyxus Parent, Inc., as guarantors, entered into a Second Amendment to ABL Credit Agreement dated as of May 23, 2023 (the “ABL Amendment”) to amend the ABL Credit Agreement (as previously amended, the "ABL Credit Agreement"), dated as of February 8, 2022, by and among Pyxus Holdings, as Borrower Agent, the Borrowers and parent guarantors party thereto, the lenders party thereto, and PNC Bank, National Association, as Administrative Agent and Collateral Agent.

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Source: SEC EDGAR

accession 0000939930-23-000039

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