v3.25.4
Debt Arrangements (Tables)
 9 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Debt Financing
The following summarizes debt and notes payable:

Interest RateDecember 31, 2025December 31, 2024March 31, 2025
Senior secured credit facilities:
ABL Credit Facility7.2 %
(1)
$— $— $— 
Senior secured notes:
8.5% Notes Due 2027(2)
8.5 %
(1)
146,451 145,628 145,820 
Senior secured term loans:
Intabex Term Loans(3)
12.5 %
(1)
187,595 187,006 187,144 
Pyxus Term Loans(4)
12.5 %
(1)
121,483 122,009 121,886 
Other Debt:
  Other long-term debt8.8 %
(1)
— 49 12 
   Notes payable(5)
8.9 %
(1)
833,733 608,648 395,030 
    Total debt$1,289,262 $1,063,340 $849,892 
Short-term(5)
$833,733 $608,648 $395,030 
Long-term:
Current portion of long-term debt$— $49 $12 
Long-term debt455,529 454,643 454,850 
Total$455,529 $454,692 $454,862 
Letters of credit$8,460 $8,095 $7,790 
(1) Weighted average stated rate for the trailing twelve months ended December 31, 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 $146,451 is net of a debt discount of $1,888. Total repayment at maturity is $148,339.
(3) Balance of $187,595 is net of a debt discount of $1,438. Total repayment at maturity is $189,033, which includes a $2,000 exit fee payable upon repayment.
(4) Balance of $121,483 is net of a debt premium of $1,278. Total repayment at maturity is $120,205.
(5) Primarily foreign seasonal lines of credit.