Pyxus International, Inc. Announces Comprehensive Agreement to Deleverage Balance Sheet and Position Company for Long-Term Growth
PYXUS INTL INC (PYX)
Company Research
Source: PR Newswire
Prepackaged Plan Expected to Reduce Debt by More than $400 MillionSecures Commitment of $206.7 Million in Debtor-in-Possession FinancingCompany Voluntarily Commences Prepackaged Chapter 11 Proceedings in the U.S. Bankruptcy Court for the District of Delaware to Implement Restructuring Operations Will Continue Without Interruption and With No Expected Impact to Customers, Vendors or Employees MORRISVILLE, N.C., June 15, 2020 /PRNewswire/ -- Pyxus International, Inc. ("Pyxus" or "the Company") (NYSE: PYX), a global value-added agricultural company, announced today that it and its subsidiaries, Alliance One International, LLC, Alliance One North America, LLC, Alliance One Specialty Products, LLC and GSP Properties, LLC, filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware as part of a "prepackaged" Chapter 11 Case (the "Chapter 11 Cases"). In connection with the filing, the Company entered into a Rest
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