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Alliance One holders tender $53.91 million 5.5% convertibles in offer
By Susanna Moon
Chicago, Feb. 13 - Alliance One International, Inc. said investors had tendered $53,907,000 of its $55 million outstanding 5.5% convertible senior subordinated notes due 2014 by the end of the offer.
The tender offer ended at midnight ET on Feb. 12, extended from midnight ET on Jan. 21. The offer began Dec. 20.
After settlement on Feb. 13, there will be $1,093,000 of the convertibles outstanding, according to a company news release.
Alliance One said on Jan. 22 that it extended the tender offer and increased the tender offer purchase price to $1,025 per $1,000 principal amount of notes, up from 102% of par.
The company also will pay accrued interest up to but excluding the purchase date.
Investors had tendered $29,072,000 principal amount of the convertibles as of 5 p.m. ET on Jan. 21.
The dealer manager was Deutsche Bank Securities Inc. (212 250-7527 or 855 287-1922). The information agent was D.F. King & Co., Inc. (212 269-5550 or 800 423-2107).
Alliance One is a leaf tobacco merchant based in Morrisville, N.C.
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