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Pyxus International Amends and Restates Credit Facility

06.07.22

Simpson Thacher is representing Pyxus International, Inc. and certain of its subsidiaries (collectively, “Pyxus”) in connection with the amendment and restatement of its existing delayed-draw working capital term loan facility into a $100 million term loan credit facility provided in part by three of Pyxus’ principal shareholders. Simpson Thacher assisted Pyxus and the members of a special committee of the board of directors in assessing, negotiating and documenting the transaction.

Pyxus is a global agricultural company with more than 145 years’ experience delivering value-added products and services to businesses and customers.

The Simpson Thacher team included Sandy Qusba, Nicholas Baker, Matthew Farrell, Zachary Weiner and Jonathan Mitnick (Credit/Restructuring); Gert Raig and Kristin Hoo (London – Credit); and Jonathan Goldstein (Tax). Summer associate Abigail Janik also assisted.