Alliance One International Announces Results Of Its Tender Offer

Source from:  PRNewswire 02/14/2014

Alliance One International, Inc. (NYSE:AOI) ("Alliance One" or the "Company") Februrary　13th　announced the results of its previously announced cash tender offer (the "Tender Offer") for up to $55.0 million in aggregate principal amount outstanding of its 5½% Convertible Senior Subordinated Notes due 2014 (the "Convertible Notes") at a purchase price equal to $1,025 per $1,000 principal amount of Convertible Notes purchased, plus accrued and unpaid interest on such Convertible Notes up to, but not including, the payment date. 

The Tender Offer expired at 12:00 midnight, New York City time, at the end of Wednesday, February 12, 2014 (the "Expiration Time"). As of the Expiration Time, $53,907,000 in aggregate principal amount of the Convertible Notes were validly tendered and not properly withdrawn. 

The Company accepted for payment all of the Convertible Notes validly tendered and not properly withdrawn pursuant to the Tender Offer. 

Payment for the Convertible Notes tendered and accepted for payment is expected to be made today.  After giving effect to such payment, $1,093,000 in aggregate principal amount of the Convertible Notes will remain outstanding.

The Company retained Deutsche Bank Securities Inc. to serve as the dealer manager for the Tender Offer and D.F. King & Co., Inc. to serve as the information agent and tender agent for the Tender Offer.

This press release is for informational purposes only and is not an offer to purchase, or a solicitation of an offer to purchase, any securities.  The Tender Offer has been made solely pursuant to an offer to purchase and the related letter of transmittal, which set forth the complete terms of the Tender Offer. Enditem