Pyxus International, Inc.

Pyxus International, Inc. is a global agricultural company with over 150 years of experience providing value-added products and services to customers. The company is a trusted provider of responsibly sourced, independently verified, sustainable, and traceable products and ingredients, primarily leaf tobacco. For financial reporting, Pyxus operates with one reportable segment: Leaf. An "All Other" category is included for reconciliation, with its revenue primarily from the sale of non-tobacco agricultural products. Pyxus's leaf tobacco operations principally generate revenue from sales of processed leaf tobacco and fees for processing and related services to tobacco product manufacturers. The company primarily deals in flue-cured, burley, and oriental tobaccos, which are used in international cigarette brands. Pyxus purchases tobacco on five continents and ships to customers globally. The company primarily buys tobacco from suppliers, taking on the risk of matching customer quantity and grade requirements with the crops it is contractually obligated to purchase. In some locations, Pyxus provides crop inputs like seeds, fertilizer, and pesticides to suppliers with whom it has purchase contracts. These suppliers, typically operating small farms, use these inputs to grow tobacco, which Pyxus is contractually obligated to purchase if it meets specifications. Advances for current crop inputs generally include the original cost of the inputs plus a mark-up and earned interest.