Pyxus International, Inc. Secures Additional Working Capital Funding
04/29/21, 8:41 PM
Location
morrisville
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.
Company Info
Location
morrisville, new york, united states
Additional Info
Pyxus International, Inc. is a global agricultural company with more than 145 years' experience delivering value-added products and services to businesses and customers. Driven by a united purpose—to transform people's lives, so that together we can grow a better world—Pyxus International, its subsidiaries and affiliates, are trusted providers of responsibly sourced, independently verified, sustainable and traceable products and ingredients. For more information, visit www.pyxus.com.