PYXUS INTL INC NEW - PYYX STOCK NEWS

Pyxus International, Inc. (OTC Pink: PYYX) reported significant financial growth for its fiscal quarter ending December 31, 2022. Sales surged by 52.9%, reaching $655.6 million, while operating income rose to $41.6 million. The net loss improved by $27.8 million, totaling $2.3 million.

Additionally, Adjusted EBITDA climbed 42.4% to $61.3 million, and cash from operating activities increased by $129.8 million to $176.1 million.

Pyxus International (PYYX) has scheduled a conference call for February 14, 2023, at 5:00 PM ET to discuss its financial results for the third quarter ending December 31, 2022. A press release detailing these results will be provided before the call. Investors can join the call by dialing (646) 960-0369 or (888) 350-3452, using conference ID 2624736. For those unable to attend, a replay will be available for five days. Pyxus International, a leader in value-added agriculture with over 150 years of experience, aims to transform lives and promote sustainable practices.

Pyxus International (OTC Pink: PYYX) announced successful completion of exchange transactions on February 6, 2023, enhancing financial flexibility. Key outcomes include:

• Conversion of 100% loans from its Dutch subsidiary into new senior secured term loans due December 31, 2027.
• Exchange of 92.7% of existing senior secured notes for new 8.50% Senior Secured Notes due December 31, 2027.
• Amendment of the asset-based revolving credit facility to ease covenants.

CEO Pieter Sikkel noted these changes extend loan maturities and provide relief from restrictive covenants, allowing Pyxus to better execute its long-term strategy.

Pyxus International, Inc. (OTC Pink: PYYX) announced on February 3, 2023, the expiration of its Exchange Offer for 10.00% Senior Secured First Lien Notes due 2024. 92.74% of the existing notes, totaling $260,452,340, were validly tendered by the expiration date of February 2, 2023. The settlement date is set for February 6, 2023, when eligible holders will receive 8.50% Senior Secured Notes due 2027 along with cash for accrued interest. Additionally, requisite consents received will result in substantial modifications to the indenture, including the removal of covenants and the release of collateral securing the existing notes.

Pyxus International, Inc. (OTC Pink: PYYX) has amended the eligibility criteria for its private exchange offer of 10.00% Senior Secured First Lien Notes due 2024 for new 8.50% Senior Secured Notes due 2027. The change allows institutional accredited investors to participate as Eligible Holders. The Exchange Offer and Consent Solicitation will expire on February 2, 2023. Tenders may be withdrawn before this expiration. The New Notes will only be issued to holders who certify their eligibility through an Eligibility Letter.

For more details, refer to the Confidential Offering Memorandum dated January 5, 2023.

Pyxus International (OTC Pink: PYYX) announced the resignation of Board Member Patrick B. Fallon and the appointment of John S. Alphin and Patrick J. Bartels, Jr. on January 18, 2023. This change increases the Board's total members from six to seven. President and CEO Pieter Sikkel acknowledged Fallon's contributions and welcomed the new directors, highlighting their experience in strategy, governance, and financial sectors. Alphin has 24 years in the tobacco industry, while Bartels holds extensive finance and corporate governance experience. These appointments aim to accelerate business growth and enhance stakeholder value.