Pyxus International Files 8-K

TL;DR

Pyxus International (PYX) filed an 8-K on March 25th, reporting events from March 21st. Standard disclosure.

AI Summary

Pyxus International, Inc. filed an 8-K on March 25, 2024, reporting events as of March 21, 2024. The filing includes information related to Regulation FD Disclosure, Other Events, and Financial Statements and Exhibits. The company, formerly known as Alliance One International, Inc. and Dimon Inc., is headquartered in Morrisville, North Carolina.

Why It Matters

This 8-K filing provides updates on Pyxus International's corporate events and financial disclosures, which are important for investors to monitor the company's status.

Risk Assessment

Risk Level: low — This is a routine 8-K filing for corporate disclosures and does not appear to contain significant new risks.

Key Players & Entities

• PYXUS INTERNATIONAL, INC. (company) — Registrant
• ALLIANCE ONE INTERNATIONAL, INC. (company) — Former company name
• DIMON INC (company) — Former company name
• March 21, 2024 (date) — Date of earliest event reported
• March 25, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $112.2 million — lders and retire (the "Repurchase") (i) $112.2 million aggregate principal amount of its 8.50%
• $10.3 million — (US) LLC, as collateral agent and (ii) $10.3 million aggregate principal amount of loans out

Filing Documents

• pyx-20240321.htm (8-K) — 34KB
• exhibit991march212024.htm (EX-99.1) — 50KB
• exhibit992march212024.htm (EX-99.2) — 67KB
• pyx-20240321_g1.gif (GRAPHIC) — 3KB
• 0000939930-24-000014.txt ( ) — 292KB
• pyx-20240321.xsd (EX-101.SCH) — 2KB
• pyx-20240321_lab.xml (EX-101.LAB) — 19KB
• pyx-20240321_pre.xml (EX-101.PRE) — 11KB
• pyx-20240321_htm.xml (XML) — 2KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On March 25, 2024, Pyxus International, Inc. (the "Company") issued a press release relating to the Repurchase (as defined below), which is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information furnished in this Item 7.01 and Exhibit 99.1 are not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.

01 Other Events

Item 8.01 Other Events On March 21, 2024, Pyxus Holdings, Inc. ("Holdings"), a wholly-owned subsidiary of the Company, entered into an agreement (the "Repurchase Agreement") with certain funds and accounts managed, advised or sub-advised by Monarch Alternative Capital LP (collectively, the "Holders"), pursuant to which Holdings is entitled to purchase from the Holders and retire (the "Repurchase") (i) $112.2 million aggregate principal amount of its 8.50% Senior Secured Notes due 2027 issued pursuant to the Indenture, dated as of February 6, 2023, by and among Holdings as issuer, the guarantors named therein, Wilmington Trust, National Association, as trustee, and Alter Domus (US) LLC, as collateral agent and (ii) $10.3 million aggregate principal amount of loans outstanding under the term loan credit facility pursuant to the Pyxus Term Loan Credit Agreement, dated as of February 6, 2023, by and among Holdings as borrower, the guarantors and the lenders party thereto and Alter Domus (US) LLC, as administrative agent and collateral agent, in each case subject to the terms and conditions therein. The description of the Repurchase Agreement set forth herein is qualified in its entirety by reference to the text of the Repurchase Agreement, which is filed as Exhibit 99.2 hereto and is incorporated by reference herein. This Current Report on Form 8-K does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor a solicitation of consents from any holders of securities, nor shall there be any sale of securities or solicitation of consents in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. Any solicitation or offer will only be made pursuant to a separate disclosure statement and only to such persons and in such jurisdictions as permitted under applicable law.

Forward-Looking Statements

Forward-Looking Statements 1 incorporated by reference therein and any other cautionary statements, written or oral, which may be

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Press release dated March 25, 2024 99.2 Purchase and Assignment Agreement dated as of March 21, 2024 among Pyxus Holdings, Inc. and the beneficial owners listed on Schedule A attached thereto 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: March 25, 2024 PYXUS INTERNATIONAL, INC. By: /s/ William L. O'Quinn, Jr. William L. O'Quinn, Jr. Senior Vice President – Chief Legal Officer and Secretary 3

View Full Filing

View this 8-K filing on SEC EDGAR