Alliance One International, Inc. Increases Size Of Tender Offer To $60.0
Million And Extends Tender Offer For Its 5 1/2% Convertible Senior
Subordinated Notes Due 2014 (CUSIP No. 018772AQ6)
MORRISVILLE, N.C., Aug. 16, 2013
MORRISVILLE, N.C., Aug.16, 2013 /PRNewswire/ --Alliance One International,
Inc. (NYSE:AOI) ("Alliance One" or the "Company") today announced that it has
amended its previously announced cash tender offer for its 5½% Convertible
Senior Subordinated Notes due 2014 (the "Convertible Notes") to increase the
size of the tender offer (the "Tender Offer") to up to $60.0 million in
aggregate principal amount of the outstanding Convertible Notes. In addition,
Alliance One announced that it has extended the Tender Offer to midnight, New
York City time, at the end of Thursday, August 29, 2013. The Tender Offer is
being made on the terms and subject to the conditions set forth in the
Company's Amended Offer to Purchase dated July 30, 2013, as amended and
supplemented (the "Offer to Purchase"). The Offer to Purchase and the related
letter of transmittal more fully set forth the terms of the Tender Offer.
Information relating to the Tender Offer is listed in the table below.
CUSIP Outstanding Amount Tender Offer
No. Title of Sought Consideration(1)
018772AQ6 5½% Convertible Senior $115,000,000 $1,030.00
Subordinated Notes due 2014
(1) Per $1,000 principal amount of Convertible Notes excluding accrued and unpaid
interest, which will be paid in addition to the Tender Offer Consideration.
If Convertible Notes with an aggregate principal amount in excess of $60.0
million are validly tendered and not validly withdrawn pursuant to the Offer,
then, subject to the terms and conditions of the Tender Offer, Alliance One
will accept for payment only $60.0 million aggregate principal amount of
Convertible Notes. In that event, the proration for each holder tendering
Convertible Notes will be calculated with a proration factor of such amount so
that Alliance One only accepts for purchase an aggregate principal amount of
Convertible Notes of $60.0 million (with appropriate adjustments to avoid
purchases of Convertible Notes in principal amounts other than integral
multiples of $1,000).
As of 5:00 p.m. on Thursday, August 15, 2013, $41,232,000 in aggregate
principal amount of Convertible Notes have been tendered and not withdrawn.
Questions and Requests for Documents
The Company has retained Deutsche Bank Securities Inc. to serve as the dealer
manager for the Tender Offer. Questions regarding the Tender Offer may be
directed to Deutsche Bank Securities Inc. at (212) 250-7527 (collect) or at
(855) 287-1922. Requests for documents may be directed to DF King & Co.,
Inc., the information agent for the Tender Offer, at (212) 269-5550 (collect)
or at (800) 423-2107 (toll-free). The Tender Offer documents are also
available online without charge on the website of the Securities and Exchange
Commission at www.sec.gov.
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 is being made solely pursuant to the Offer to Purchase and the
related letter of transmittal, which set forth the complete terms of the
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 Securities and Exchange Commission, including its Annual
Report on Form 10-K for the fiscal year ended March 31, 2013, filed on June
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.
Contact: Joel L. Thomas, (919) 379-4300
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