Glendon Capital and Monarch Alternative Capital, the majority equity investors in and creditors of Pyxus International, in connection with Pyxus International’s exchange offers and consent solicitations for up to $600 million of senior secured notes and term loans

In January 2023, Pyxus International, Inc. launched exchange offers and consent solicitations with respect to its approximately $281 million of 10% first lien notes, $217 million of secured exit term loans and $100 million of secured subsidiary term loans to, among other things, extend maturities, provide additional financial flexibility and support Pyxus’s long-term growth.  Glendon Capital and Monarch Alternative Capital, the majority equity investors in and creditors of Pyxus, entered into a support agreement with Pyxus pursuant to which they agreed, subject to certain terms and conditions, to exchange their holdings for newly issued secured debt maturing in December 2027.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Glendon Capital and Monarch Alternative Capital.