Alliance One International $600 million seven-year notes talked at 10¾% area, to price Friday

By Paul A. Harris

St. Louis, June 25 - Alliance One International, Inc. set price talk for its $600 million offering of seven-year senior unsecured notes at the 10¾% area on Thursday, according to an informed source.

Books close at 10 a.m. ET on Friday, with pricing expected thereafter.

Credit Suisse Securities, Deutsche Bank Securities Inc., Goldman Sachs & Co. and ING are bookrunners for the Rule 144A with registration rights offering.

The notes come with four years of call protection and a change-of-control put at 101%.

Credit ratings remain to be determined.

Proceeds will be used to repay debt.

The prospective issuer is a leaf tobacco merchant based in Morrisville, N.C.

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