Alliance One International Comments On Exchange Offer For 10% Senior Notes Due 2016
MORRISVILLE, N.C., July 15 /PRNewswire-FirstCall/ -- Alliance One International, Inc. (NYSE: AOI) today commented that its offer to exchange up to $670 million of 10% Senior Notes due 2016 (the "New Notes"), which have been registered under the Securities Act of 1933, as amended, for its outstanding unregistered 10% Senior Notes due 2016 (the "Original Notes") (CUSIP Nos. 018772AL7, 018772AN3, U0187PAE6 and U0187PAF3), is scheduled to expire at 5:00 p.m., New York City time, on July 19, 2010 (the "expiration time"), and that the Company does not intend to extend the exchange offer beyond the scheduled expiration time.
The exchange offer is being conducted to satisfy the Company's obligations under the terms of registration rights agreements entered into in connection with the sale of the Original Notes completed in July and August 2009 and does not represent a new financing transaction. The Company will not receive any proceeds from the exchange offer. The terms of the New Notes are substantially identical to those of the Original Notes, except that certain transfer restrictions, registration rights and additional interest provisions related to the registration rights applicable to the Original Notes do not apply to the New Notes.
Holders must tender their Original Notes on or prior to the expiration time if they wish to participate in the exchange offer. Tenders of Original Notes may be validly withdrawn at any time on or prior to the expiration time.
Documents describing the terms of the exchange offer, including the prospectus and transmittal materials for making tenders, can be obtained from the exchange agent, Deutsche Bank Trust Company Americas, by contacting DB Services Tennessee, Inc., Trust and Securities Services, 648 Grassmere Park Road, Nashville, Tennessee 37211, Attention: Reorganization Unit, telephone (800) 735-7777.This news release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any securities of Alliance One International, Inc. The exchange offer is being made only pursuant to the exchange offer documents, including the prospectus and the letter of transmittal that are being distributed to holders of the Original Notes and have been filed with the Securities and Exchange Commission.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV