MorrisvilleDescription
Pyxus International, Inc. (OTC Pink: PYYX) ("Pyxus International" or the "Company"), a global value-added agricultural company, today announced that one of its indirect subsidiaries has entered into a Term Loan Credit Agreement ("the Credit Agreement") with the Company and certain of its other subsidiaries as guarantors, certain funds managed by Glendon Capital Management LP and Monarch Alternative Capital LP, as lenders, and Alter Domus (US) LLC as administrative agent and collateral agent. The Credit Agreement establishes a $120 million delayed-draw term loan credit facility, with a maturity date in July 2022.