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|Alliance One International, Inc. Commences Tender Offer and Consent Solicitation for Its Debt Securities|
Principal Consent Amount Tender /Early Total Title of Issuer Outst- Consider- Tender Consider- CUSIP No. Security (1) anding ation(2) Payment(3) ation(2) 018772AA1 11% Senior A $264,381,000 $1,031.25 $30.00 $1,061.25 018772AB9 Notes due 2012 018772AJ2 8-1/2% Senior A $150,000,000 $970.00 $30.00 $1,000.00 Notes due 2012 018772AF0 12-3/4% Senior A $89,500,000 $1,041.25 $30.00 $1,071.25 Subordinated Notes due 2012 254394AE9 9-5/8% Senior D $3,437,000 $986.04 $30.00 $1,016.04 Notes due 2011 254394AJ8 7-3/4% Senior D $435,000 $1,000.83 $30.00 $1,030.83 Notes due 2013 853258AF8 8% Senior S $6,285,000 $995.00 $30.00 $1,025.00 Notes due 2012, Series B (1) The issuer of a series of Notes designated with an "A" is
The Company will pay accrued and unpaid interest on all Notes tendered and accepted for payment in the tender offer from the last interest payment date to, but not including, the date on which the Notes are purchased.
The tender offer is scheduled to expire at
Tendered Notes may be withdrawn at any time on or prior to
Holders who tender Alliance One Notes are required to consent to the proposed amendments to the indentures and the Alliance One Notes. The proposed amendments will not become effective, however, until after a majority in aggregate principal amount of the outstanding Alliance One Notes, whose holders have delivered consents to the proposed amendments, have been accepted for payment. Any tender of the Notes prior to the Withdrawal Date may be validly withdrawn and, if applicable, consents may be validly revoked at any time prior to the Withdrawal Date, but not thereafter except under limited circumstances. Holders who tender Alliance One Notes after the Withdrawal Date will not be entitled to receive the consent payment. Holders who tender Predecessor Notes after the Withdrawal Date will not be entitled to receive the early tender payment.
The Company has reserved the right to accept for purchase following the Withdrawal Date but prior to the Expiration Date (the "Early Settlement Date") all Notes then validly tendered. On the Early Settlement Date, the Company will also pay accrued and unpaid interest up to, but not including, the Early Settlement Date on the Notes accepted for purchase.
The Company's obligation to accept for purchase and to pay for Notes
validly tendered and not withdrawn pursuant to the tender offer and the
consent solicitation is subject to the satisfaction or waiver, in the
Company's discretion, of certain conditions, which are more fully described in
the Offer to Purchase, including, among other things, the consummation of the
amendment to, or replacement of, the Company's existing
The Company has retained
This press release is for informational purposes only and is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consent with respect to any securities. The tender offer and consent solicitation is being made solely pursuant to the Offer to Purchase and the related Letter of Transmittal and Consent, which set forth the complete terms of the tender offer and consent solicitation.
Forward Looking Statements
This press release contains forward-looking statements. Actual results
may differ materially from those reflected in the forward-looking statements.
Additional information concerning factors that could cause actual results to
differ materially from those in the forward-looking statements is contained
under the heading of Risk Factors listed from time to time in the Company's
filings with the
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