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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