Item 1.01 Entry into a Material Definitive Agreement
On May 23, 2023, Pyxus Holdings, Inc. ("Pyxus Holdings"), a wholly owned
subsidiary of Pyxus International, Inc. (the "Company"), certain subsidiaries of
Pyxus Holdings (together with Pyxus Holdings, the "Borrowers"), and the Company
and its wholly owned subsidiary, Pyxus Parent, Inc., as guarantors, entered into
a Second Amendment to ABL Credit Agreement dated as of May 23, 2023 (the "ABL
Amendment") to amend the ABL Credit Agreement (as previously amended, the "ABL
Credit Agreement"), dated as of February 8, 2022, by and among Pyxus Holdings,
as Borrower Agent, the Borrowers and parent guarantors party thereto, the
lenders party thereto, and PNC Bank, National Association, as Administrative
Agent and Collateral Agent. The ABL Amendment extends the stated maturity of the
asset-based revolving credit facility established by the ABL Credit Agreement to
February 8, 2027 and updates certain provisions to reflect certain matters with
respect to the previously reported debt exchange transactions completed by Pyxus
Holdings on February 6, 2023.
The description of the ABL Amendment set forth herein is qualified in its
entirety by reference to the text of the ABL Agreement, which is filed as
Exhibit 10.1 hereto and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description
10.1 Second Amendment to ABL Credit Agreement dated as of May 23, 2023 by and
among Pyxus Holdings, Inc., the other borrowers and guarantors party thereto,
the lenders party thereto and PNC Bank, National Association, as
administrative agent and collateral agent.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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