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Alliance One International talks $150 million five-year notes at 8½% area
By Paul A. Harris
St. Louis, March 1 - Alliance One International talked its $150 million offering of senior notes due May 15, 2012 at the 8½% area on Thursday, according to an informed source.
The Rule 144A offering is expected to price early Friday morning.
Wachovia Securities is the left bookrunner. Deutsche Bank Securities is the joint bookrunner.
Credit ratings remain to be determined.
Proceeds will be used to repay bank debt.
The company is a Morrisville, N.C., tobacco leaf merchant.
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