Alliance One calls 6.25% convertibles

By Jennifer Chiou

New York, June 8 - Alliance One International, Inc. announced Wednesday it will redeem all $74.25 million of its 6.25% convertible subordinated debentures due March 31, 2007 on July 8 at a price of 101.25% plus accrued interest.

Before 5 p.m. ET July 7, the debentures may be converted into shares of the company's common stock at a price of $28.77 per share. Alliance One stock closed at $6.59 Wednesday.

Danville, Va.-based Alliance One is an independent leaf tobacco merchant.

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