Alliance One International Announces Exchange Offer for 9.875% Senior Secured Second Lien Notes Due 2021
MORRISVILLE, N.C., Nov. 20, 2013 /PRNewswire/ -- Alliance One International, Inc. (NYSE: AOI) today announced that it has commenced an offer to exchange up to $735 million of 9.875% Senior Secured Second Lien Notes due 2021 (the "New Notes"), which have been registered under the Securities Act of 1933, as amended, for its outstanding unregistered 9.875% Senior Secured Second Lien Notes due 2021 (the "Original Notes") (CUSIP Nos. 018772 AR4 and U0187P AG1).
The exchange offer is being conducted to satisfy the Company's obligations under the terms of registration rights agreement entered into in connection with the sale of the Original Notes completed on August 1, 2013 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 Friday, December 20, 2013 (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 Tenders of Original Notes may be validly withdrawn at any time on or prior to the expiration time.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 Americas, Inc., Attention: Reorg. Department, 5022 Gate Parkway, Suite 200, Jacksonville, FL 32256, telephone (877) 843-9767.
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.
About Alliance One
Alliance One International, Inc. is a leading independent leaf tobacco merchant serving the world's cigarette manufacturers.
SOURCE Alliance One International, Inc.