---
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"
generated_at: "2026-11-10T12:30:08.813477+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Pyxus offers to swap $148.3M of 8.50% notes due 2027 for stock at $3.25 plus new floating-rate notes

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939930-26-000054
- JSON: https://secwatch.observer/filing/0000939930-26-000054.json
- Plain text: https://secwatch.observer/filing/0000939930-26-000054.txt

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