PYXUS INTERNATIONAL, INC. (PYYX): Entry into a Material Definitive Agreement

Pyxus International (PYYX) reported Q2 2027 results with improved leaf gross profit per kilo ($0.89 vs. $0.82) and gross margin (14.4% vs. 13.5%). Sales declined to $972M, and adjusted EBITDA fell to $71M. Adjusted free cash flow was $8.4M, up from negative $141.5M. The company reaffirmed full-year guidance, citing strong inventory commitments and operational improvements. Management expressed confidence in meeting targets despite logistical challenges.

Pyxus International (PYYX) reached a debt restructuring deal with creditors, converting $92M debt to equity, paying down $65M, and extending $300M debt. The company plans an $85M equity offering at $2.50 per share, with creditors backing $80M. Transactions are expected to complete by December 15, 2026, subject to approvals.

Pyxus International (OTC: PYYX) reached a deal with creditors to restructure $457M in debt, offering new debt and equity. The plan includes exchanging $92M into equity, paying down $65M from an $85M stock offering, and extending maturities on $300M of debt. The company aims to reduce restrictive covenants and improve financial flexibility.

Pyxus International reported Q2 2027 net income of $4.1M, up from a loss last year. Adjusted EBITDA was $43.0M. Sales declined 15.8% due to shipment delays. The company tightened full-year Adjusted EBITDA guidance to $215M-$235M. Net leverage improved to 5.86x. Management cited disciplined working capital deployment and strong customer demand.

PYXUS INTERNATIONAL, INC. (PYYX) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Pyxus International, Inc. Tel: (919) 379-4300 6001 Hospitality Court Fax: (919) 379-4346 Suite 100 www.pyxus.com Morrisville, NC 27560-2009 USA NEWS RELEASE Contact: Tomas Grigera (919) 379-4300 Pyxus International, Inc. Reports Second Quarter Fiscal 2027 Results — Q

Pyxus International reported Q1 cost and cash-flow updates on its earnings call. Adjusted EBITDA fell to $27.7M from $29.5M, but rose on a rolling 12-month basis to $225M. Adjusted free cash flow improved to $123.4M (12-month). Cash was $175.9M with no ABL borrowings; leverage improved to 4.9x. Management discussed debt maturity resolution and expected stronger shipments.