Alliance One to sell $275 million 4.5-year first-lien notes next week; notes whispered in 9% area

By Paul A. Harris

Portland, Ore., Sept. 27 – Alliance One International, Inc. is shopping a $275 million offering of 4.5-year senior secured first-lien notes, according to a bond trader.

The deal comes with early guidance in the 9% area and is expected to price in the Oct. 3 week, the source added.

Deutsche Bank Securities Inc. has the books for the Rule 144A and Regulation S offering.

The notes come with two years of call protection.

He Morrisville, N.C.-based leaf tobacco merchant plans to use a portion of the proceeds to pay off its revolver, with remaining proceeds to be used for general corporate purposes.

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