Pyxus Launches Offer to Exchange Debt for Shares and New Debt

• Pyxus International launched an offer to exchange $148.34 million of 8.50% Senior Secured Notes due 2027 for common stock and new notes.
• Per $1,000 principal tendered by November 24, 2026, holders receive $344.37 in stock and $675.90 principal of floating rate senior secured notes.
• Later tenders through December 10, 2026, receive $327.15 in stock and $642.11 principal of new notes per $1,000 principal.
• Common stock is valued at $3.25 per share; settlement is expected December 15, 2026.
• Closing requires 99% participation across the Existing Notes, Pyxus Term Loans and Intabex Term Loans, subject to waiver or adjustment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pyxus International Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202611100730PR_NEWS_USPR_____CL93499) on November 10, 2026, and is solely responsible for the information contained therein.