Pyxus International, Inc. filed an amended current report on Form 8-K/A on November 6, 2026, as Amendment No. 1 to its November 5, 2026 Form 8-K, solely to refile Exhibit 10.1 with a previously omitted Form of Note and to confirm exhibit references in Item 1.01.

Key Highlights

  • Amendment purpose: The filing corrects Exhibit 10.1 by including the Form of Note, which had "inadvertently been omitted" from the Transaction Support Agreement as originally filed.
  • Supporting Holders hold: approximately 74.9% of outstanding Pyxus Term Loans, approximately 67.9% of outstanding Intabex Term Loans, and approximately 56.0% of outstanding 8.50% Senior Secured First Lien Notes due 2027.
  • Exchange terms for Existing Notes and Pyxus Term Loans: Eligible Holders tendering within ten business days of launch are offered $344.37 in Common Stock value at $3.25 per share and $675.90 in aggregate principal amount of New Exchange Notes per $1,000 aggregate principal amount tendered.
  • Intabex Term Loan exchange consideration: $679.41 in aggregate principal amount of New Exchange Notes and $344.37 in cash per $1,000 aggregate principal amount of Intabex Term Loans, with cash funded from proceeds of the Equity Offering.
  • Late-tender discount: Holders participating after the initial ten-business-day window receive 95% of the stated consideration, including $327.15 in Common Stock value and $642.11 in New Exchange Notes per $1,000 for Existing Notes or Pyxus Term Loans.
  • New Exchange Notes maturity: The new senior secured notes are due December 31, 2031, to be issued by Pyxus Holdings and guaranteed by the Company, Pyxus Parent, and applicable subsidiaries.
  • Exchange Transactions status: According to the filing, the Exchange Transactions "have not yet commenced" and terms "remain subject to change."

Pyxus International's Debt Exchange Structure and Transaction Support Agreement Details

Pyxus International, Inc. filed this Amendment No. 1 on Form 8-K/A to amend its original November 5, 2026 current report. According to the filing, the sole purpose of the amendment is to refile the Transaction Support Agreement as Exhibit 10.1 to include the Form of Note, which had been inadvertently omitted, and to confirm that references to Exhibit 10.1 in Item 1.01 refer to the amended exhibit. The company disclosed that all other items in the original filing remain unchanged.

The filing reports that Pyxus International, Inc., together with its subsidiaries Pyxus Parent, Inc. and Pyxus Holdings, Inc. (collectively, the "Holding Companies"), entered into the Transaction Support Agreement effective November 5, 2026, with a group of creditors that includes Glendon Capital Management, LP, Intermarket Corporation, Owl Creek Asset Management, L.P., Acasta Partners, Concise Capital Management, Park West Asset Management LLC, and Northeast Investors Trust. These Supporting Holders collectively hold approximately 74.9% of outstanding Pyxus Term Loans, approximately 67.9% of outstanding Intabex Term Loans, and approximately 56.0% of the outstanding 8.50% Senior Secured First Lien Notes due 2027 issued by Pyxus Holdings.

Under the Transaction Support Agreement, the Holding Companies have agreed to commence the Notes Exchange Offer no later than ten days after the effective date of the agreement, and to commence the Pyxus Term Loan Exchange Offer, the Intabex Term Loan Exchange Offer, and the Equity Offering as promptly as reasonably practicable thereafter, the filing stated. For the Notes Exchange Offer and Pyxus Term Loan Exchange Offer, the filing describes a consent solicitation intended to, among other things, eliminate most restrictive covenants, eliminate the change of control repurchase obligation, subordinate the Existing Notes in right of payment to new and existing senior unsubordinated indebtedness, and, subject to sufficient holder participation, release collateral securing the Existing Notes. The filing notes that the securities disclosed are not registered under Section 12(b) of the Act.

What Was Disclosed

Pyxus International filed an amendment to its November 5, 2026 current report to refile the Transaction Support Agreement with a previously omitted Form of Note. The filing also sets out the exchange terms, participating creditor identities, and consent solicitation elements associated with the planned Exchange Transactions.