---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-000826"
form_type: "8-K"
ticker: "PYYX"
cik: "0000939930"
company_name: "PYXUS INTERNATIONAL, INC."
filed_at: "2023-01-03T23:59:59+00:00"
generated_at: "2026-06-20T21:16:40.452815+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Pyxus signs Support Agreement to exchange 99.7% DDTL, 68% Exit loans, 64% notes for new 2027 debt

## Summary
- Supporting holders hold 99.7% of DDTL Facility Loans, 68.1% of Exit Facility Loans, 64.1% of Existing Notes.
- Exchange offers: DDTL for New Intabex Loans (SOFR+8% + 2% exit fee); Exit Loans 40% New Intabex/60% New Pyxus; Existing Notes for 8.50% Senior Secured Notes due 2027.
- New Secured Debt matures Dec 31, 2027, extending maturities; interest on New Term Loans is SOFR+8% with 1.5% floor plus 0.10% credit spread.
- Consents sought to amend indentures—eliminate restrictive covenants, subordinate existing debt, release collateral on Existing Notes.
- Closing conditions include ABL lender consent; company expects completion before Feb 15, 2023.

## SEC filing metadata
- accession: 0001193125-23-000826
- form_type: 8-K
- ticker: PYYX
- cik: 0000939930
- company_name: PYXUS INTERNATIONAL, INC.
- filed_at: 2023-01-03T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/939930/000119312523000826/0001193125-23-000826-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/939930/000119312523000826/d417940d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-000826
- JSON: https://secwatch.observer/filing/0001193125-23-000826.json
- Plain text: https://secwatch.observer/filing/0001193125-23-000826.txt

## Key facts
- Material Agreements
  PYXUS INTERNATIONAL, INC. entered into Support Agreement with a group of creditors (the "Supporting Holders") (effective 2022-12-27).
  - Action: entry
  - Counterparty: a group of creditors (the "Supporting Holders")
  - Effective: 2022-12-27
  source text: Pyxus International, Inc. (the “Company”) and its subsidiaries Pyxus Parent, Inc. (“Pyxus Parent”) and Pyxus Holdings, Inc. (“Pyxus Holdings” and, together with the Company and Pyxus Parent, the “Holding Companies”) entered into a Support and Exchange Agreement, effective as of December 27, 2022 (as amended or supplemented, including by joinders thereto, the “Support Agreement”), with a group of creditors, including Glendon Capital Management LP, Monarch Alternative Capital LP, Nut Tree Capital Management, L.P., Intermarket Corporation and Owl Creek Asset Management, L.P. on behalf of certain funds managed by them and/or certain of their advisory clients, as applicable (collectively, the “Supporting Holders”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/939930/000119312523000826/0001193125-23-000826-index.htm

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