---
schema_version: "secwatch.filing_event.v1"
accession: "0000939930-24-000014"
form_type: "8-K"
ticker: "PYYX"
cik: "0000939930"
company_name: "PYXUS INTERNATIONAL, INC."
filed_at: "2024-03-25T23:59:59+00:00"
generated_at: "2026-06-04T08:54:27.375428+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Pyxus repurchases $112M in notes at 23% discount; expects $142.9M total debt reduction

## Summary
- Repurchased $78M principal of 8.5% Senior Secured Notes due 2027 for $60M cash (23% discount to par).
- Rights to buy additional $34.2M notes at same discount and $10.3M term loans at 12% discount.
- Expects to retire $20.4M of 10% Senior Secured Notes due August 2024 at maturity.
- Total long-term debt to decrease from $600.6M to $457.8M, reducing annual interest cost by $12.9M.
- Transactions funded from cash on hand; closing by March 29, 2024 and optional tranche by September 30, 2024.

## SEC filing metadata
- accession: 0000939930-24-000014
- form_type: 8-K
- ticker: PYYX
- cik: 0000939930
- company_name: PYXUS INTERNATIONAL, INC.
- filed_at: 2024-03-25T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/939930/000093993024000014/0000939930-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/939930/000093993024000014/pyx-20240321.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939930-24-000014
- JSON: https://secwatch.observer/filing/0000939930-24-000014.json
- Plain text: https://secwatch.observer/filing/0000939930-24-000014.txt

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