v3.25.2
Debt Arrangements (Tables)
 3 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Debt Financing
The following summarizes debt and notes payable:

(in thousands)Interest RateJune 30, 2025June 30, 2024March 31, 2025
Senior secured credit facilities:
ABL Credit Facility7.8 %
(1)
$— $44,000 $— 
Senior secured notes:
10.0% Notes Due 2024
10.0 %
(1)
— 20,328 — 
8.5% Notes Due 2027(2)
8.5 %
(1)
146,046 178,423 145,820 
Senior secured term loans:
Intabex Term Loans(3)
13.0 %
(1)
187,288 186,770 187,144 
Pyxus Term Loans(4)
13.0 %
(1)
121,757 122,268 121,886 
Other Debt:
  Other long-term debt8.8 %
(1)
— 117 12 
   Notes payable(5)
9.0 %
(1)
880,925 679,399 395,030 
    Total debt$1,336,016 $1,231,305 $849,892 
Short-term(5)
$880,925 $679,399 $395,030 
Long-term:
Current portion of long-term debt$— $20,445 $12 
Long-term debt455,091 531,461 454,850 
Total$455,091 $551,906 $454,862 
Letters of credit$8,939 $7,669 $7,790 
(1) Weighted average stated rate for the trailing twelve months ended June 30, 2025 or, for indebtedness outstanding only during a portion of such twelve-month period, for the portion of such period that such indebtedness was outstanding.
(2) Balance of $146,046 is net of a debt discount of $2,293. Total repayment at maturity is $148,339.
(3) Balance of $187,288 is net of a debt discount of $1,745. Total repayment at maturity is $189,033, which includes a $2,000 exit fee payable upon repayment.
(4) Balance of $121,757 is net of a debt premium of $1,552. Total repayment at maturity is $120,205.
(5) Primarily foreign seasonal lines of credit.