Pyxus International subsidiary closes $100M term loan facility, repays prior debt

PYXUS INTERNATIONAL, INC.

Intabex Netherlands B.V., a Pyxus subsidiary, borrowed $100M in full under a new term loan facility on July 28, 2022.
Proceeds used to repay all outstanding principal and accrued interest under the prior credit agreement, plus fees and expenses.
Lenders include funds managed by Glendon Capital Management, Monarch Alternative Capital, and Owl Creek Asset Management.
The Amended and Restated Credit Agreement replaces the initial term loan credit agreement dated April 23, 2021.
Conditions to effectiveness were satisfied on July 28, 2022, making the restructuring effective.

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