{"schema_version":"secwatch.filing_event.v1","accession":"0000939930-26-000054","form_type":"8-K","ticker":"PYYX","cik":"0000939930","company_name":"PYXUS INTERNATIONAL, INC.","filed_at":"2026-11-10T12:29:33+00:00","discovered_at":"2026-11-10T12:30:01.319578+00:00","generated_at":"2026-11-10T12:30:08.813477+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Pyxus offers to swap $148.3M of 8.50% notes due 2027 for stock at $3.25 plus new floating-rate notes","bullets":["Early-tender holders get $344.37 of stock at $3.25/share plus $675.90 of new floating-rate senior secured notes per $1,000; later tenders get $327.15 plus $642.11.","Consent solicitation would strip most restrictive covenants, remove the change-of-control repurchase right, eliminate certain defaults and release all collateral securing the notes.","$148,338,952 of 8.50% notes due 2027 outstanding; early tender deadline Nov 24, 2026, expiration Dec 10, 2026, settlement expected Dec 15, 2026.","Supporting holders incl. Glendon, Owl Creek, Park West hold ~67.9% of Intabex Term Loans, ~74.9% of Pyxus Term Loans and ~56.0% of Existing Notes under a Nov 5, 2026 support pact.","Deal needs consents from holders of at least 99% of each of the notes and the Pyxus and Intabex term loans; threshold may be cut to 97% for notes held by non-eligible holders."],"urls":{"canonical":"https://secwatch.observer/filing/0000939930-26-000054","json":"https://secwatch.observer/filing/0000939930-26-000054.json","markdown":"https://secwatch.observer/filing/0000939930-26-000054.md","text":"https://secwatch.observer/filing/0000939930-26-000054.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/939930/000093993026000054/0000939930-26-000054-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/939930/000093993026000054/pyx-20261110.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-11-10T12:30:08.813477+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}