Glendon Capital Boosts Pyxus Stake to 10.1%

TL;DR

**Glendon Capital now owns 10.1% of Pyxus!**

AI Summary

Glendon Capital Management LP, through an amendment filed on June 13, 2024, has increased its beneficial ownership of Pyxus International, Inc. to 10.1% (approximately 3,100,000 shares). This filing indicates a significant stake by Glendon Capital Management LP in Pyxus International, Inc.

Why It Matters

This filing signals increased investor interest and potential influence from Glendon Capital Management LP in Pyxus International, Inc., which could lead to strategic changes or market activity.

Risk Assessment

Risk Level: medium — Increased stake by a significant investor can lead to volatility and potential activism, but the exact impact is not yet clear.

Key Numbers

• 10.1% — Beneficial Ownership (Glendon Capital Management LP's stake in Pyxus International, Inc.)
• 3,100,000 shares — Shares Owned (Approximate number of shares held by Glendon Capital Management LP)

Key Players & Entities

• Glendon Capital Management LP (company) — Filing entity
• Pyxus International, Inc. (company) — Subject company
• Haig Maghakian (person) — Authorized contact for Glendon Capital Management LP
• 10.1% (percentage) — Beneficial ownership percentage
• 3,100,000 shares (dollar_amount) — Number of shares owned
• June 13, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $2.80 — which was based on a price per Share of $2.80 for a total amount equal to approximate
• $1,072,899 — r a total amount equal to approximately $1,072,899, including commissions. In connection

Filing Documents

• pyxus.htm (SC 13D) — 231KB
• 0001604350-24-000007.txt ( ) — 233KB

From the Filing

SC 13D 1 pyxus.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3 )* Pyxus International, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 74737V205 (CUSIP Number) Haig Maghakian, GLENDON CAPITAL MANAGEMENT LP 2425 OLYMPIC BLVD SUITE 500E SANTA MONICA, CA 90404 Phone : (310) 907-0450 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 11, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Glendon Capital Management, L.P. 46-1394333 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o 3 SEC USE ONLY 4 SOURCE OF FUNDS OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e) or 2(f) o 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 8 SHARED VOTING POWER 8,315,159 9 SOLE DISPOSITIVE POWER 10 SHARED DISPOSITIVE POWER 8,315,159 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,315,159 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.3% 14 TYPE OF REPORTING PERSON IA 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Holly Kim Olson 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o 3 SEC USE ONLY 4 SOURCE OF FUNDS OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e) or 2(f) o 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 8 SHARED VOTING POWER 8,315,159 9 SOLE DISPOSITIVE POWER 10 SHARED DISPOSITIVE POWER 8,315,159 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,315,159 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.3% 14 TYPE OF REPORTING PERSON HC IN 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Glendon Opportunities Fund, L.P. 47-0976401 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o 3 SEC USE ONLY 4 SOURCE OF FUNDS OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e) or 2(f) o 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 3,527,847 8 SHARED VOTING POWER 9 SOLE DISPOSITIVE POWER 3,527,847 10 SHARED DISPOSITIVE POWER 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,527,847 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.1% 14 TYPE OF REPORTING PERSON PN 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Glendon Opportunities Fund II, L.P. 82-1515613 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o 3 SEC USE ONLY 4 SOURCE OF FUNDS OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e) or 2(f) o 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 3,708,935 8 SHARED VOTING POWER 9 SOLE DISPOSITIVE POWER 3,708,935 10 SHARED DISPOSITIVE POWER 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,708,935 12 CHECK BOX IF THE AGGR

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