Pyxus International amends credit facility with TDB; new commitments of $185M for African subsidiaries

PYXUS INTERNATIONAL, INC.

New lending commitments: Malawi $100M, Tanzania $70M, Zambia $15M totaling $185M.
Existing loans outstanding ~$89M; new loans bear interest at LIBOR+5.5% (vs existing at LIBOR+6%).
Facility terminates June 30, 2024, but TDB may terminate or modify terms on June 30, 2023.
Parent and subsidiaries guarantee; secured by tobacco inventory, receivables, collection accounts.
Includes affirmative/negative covenants and events of default typical for secured financing.

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