Pyxus reaches debt restructuring agreement with majority of creditors
PYYX•Pyxus International reached an agreement with majority creditors for debt exchanges and an equity offering. If completed in full, the transactions would convert about $92 million of debt into equity, repay $65 million, extend maturities on about $300 million of secured debt and raise up to $85 million at $2.50 per share.
1. Debt and equity transactions
Pyxus International entered a transaction support agreement with majority creditors covering debt exchanges and an equity offering. If completed in full, the exchanges would convert approximately $92 million of debt into equity, repay $65 million and extend maturities on approximately $300 million of remaining secured debt. A private equity offering would raise up to $85 million at $2.50 per share. Completion is expected by December 15, 2026, subject to creditor consents, minimum participation thresholds and other closing conditions.
