SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Glendon Capital Management LP (Last) (First) (Middle) 2425 OLYMPIC BLVD., SUITE 500E (Street) SANTA MONICA CA 90404 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 08/24/2020	3. Issuer Name and Ticker or Trading Symbol PYXUS INTERNATIONAL, INC. [ PYXSQ ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock(1)	7,938,792	I	See Footnote.(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* Glendon Capital Management LP (Last) (First) (Middle) 2425 OLYMPIC BLVD., SUITE 500E (Street) SANTA MONICA CA 90404 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Glendon Opportunities Fund, L.P. (Last) (First) (Middle) MAPLES CORPORATE SERVICES LTD. UGLAND HOUSE, SOUTH CHURCH STREET (Street) GRAND CAYMAN E9 KY1-1104 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Glendon Opportunities Fund II, L.P. (Last) (First) (Middle) WALKERS CORPORATE LIMITED CAYMAN CORPORATE CENTRE, 27 HOSPITAL RD (Street) GEORGE TOWN, GRAND CAYMAN E9 KY1-9008 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. The reported securities beneficially owned, directly or indirectly, by the reporting persons were acquired on August 24, 2020 in connection with Pyxus International, Inc. (the "Issuer") emerging from Chapter 11 bankruptcy as the successor issuer to Old Holdco, Inc. (formerly known as Pyxus International, Inc. ("Old Pyxus")). Pursuant to the Chapter 11 plan of reorganization of Old Pyxus (the "Plan"), Old Pyxus distributed shares of the Issuer's common stock to (i) holders of the Second Lien Notes Claims (as defined in the Plan), including the Glendon Investors (as defined below), and (ii) holders of claims under the debtor in possession credit facility of Old Pyxus.

2. The reported securies are beneficially owned directly by Glendon Opportunities Fund, LP ("G1"), which holds 3,527,890 shares, Glendon Opportunities Fund II, LP ("G2"), which holds 3,332,495 shares, and certain other advisory clients of Glendon Capital Management LP ("GCM"), which hold less than 5% of the Issuer's common stock (collectively with G1 and G2, the "Glendon Investor"). GCM is the investment manager of the Glendon Investor, and has voting and dispositive power over the reported securities held directly by the Glendon Investor.

Remarks:

Holly Kim, a partner in GCM, is a director on the Issuer's board of directors designated by GCM on behalf of the Glendon Investor. As a result, the following persons may be deemed directors by deputization of the Issuer solely for purposes of Section 16 of the Securities Exchange Act of 1934, as amended: GCM, G1 and G2.

	Glendon Capital Management, L.P. ; Haig Maghakian	09/02/2020
	Glendon Opportunities Fund, L.P.; By Glendon Capital Associates, LLC General Partner; Haig Maghakian	09/02/2020
	Glendon Opportunities Fund II, L.P.; By Glendon Capital Associates II, LLC General Partner; Haig Maghakian	09/02/2020
	** Signature of Reporting Person	Date
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