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Alliance One expected to price $150 million senior notes on Friday
By Paul A. Harris
St. Louis, Feb. 28 - Alliance One International is expected to price a $150 million offering of senior notes due May 15, 2012 early Friday, according to an informed source.
Wachovia Securities is the left bookrunner for the Rule 144A offering. Deutsche Bank Securities is the joint bookrunner.
The notes will be non-callable.
Credit ratings remain to be determined.
Proceeds will be used to repay bank debt.
The Morrisville, N.C., company is a tobacco leaf merchant.
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