MORRISVILLE, N.C., June 17 /PRNewswire-FirstCall/ -- Alliance One International, Inc. (NYSE: AOI) today announced that it has commenced an 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). 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. The exchange offer will expire at 5:00 p.m., New York City time, on July 19, 2010 (the "expiration time"), unless it is extended or terminated. 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 Tenders of Original Notes may be validly withdrawn at any time on or prior to the expiration time.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.