Alliance One International Announces Completion of New Senior Secured Credit Facility and Closing of Offering of Senior Notes and Senior Subordinated Notes DANVILLE, Va., May 13 /PRNewswire-FirstCall/ -- Alliance One International, Inc. (NYSE:AOI), formerly known as DIMON Incorporated, announced today that, in connection with the closing of its merger with Standard Commercial Corporation, it closed the previously announced private offering of $315 million in aggregate principal amount of 11% Senior Notes due May 2012 and $100 million in aggregate principal amount of 12 3/4% Senior Subordinated Notes due November 2012. Alliance One also closed today on a new $650 million senior secured credit facility consisting of a $150 million term loan A, a $200 million term loan B and a $300 million revolving credit line. Alliance One used the proceeds of the notes offering and new senior secured credit facility to repay outstanding indebtedness under DIMON's and Standard's existing credit facilities and to consummate the tender offers for DIMON's $200 million aggregate principal amount of 9-5/8% senior notes due 2011 and $125 million aggregate principal amount of 7-3/4% senior notes due 2013 and Standard's $150 million aggregate principal amount of 8% senior notes due 2012 and the related consent solicitations. Alliance One also intends to redeem, within 60 days, all of its outstanding 6-1/4% convertible subordinated debentures due 2007. The notes proposed to be offered have not been and will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of any offer to buy any of the securities. This announcement is for informational purposes only and is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consents with respect to any securities. Alliance One is a leading independent leaf tobacco merchant. It selects, purchases, processes, stores, packs and ships tobacco grown in over 45 countries, and serves the world's large multinational cigarette manufacturers in over 90 countries. For more information visit the company's website at http://www.aointl.com/. This press release contains forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained under the heading of Risk Factors listed from time to time in the Company's filings with the Securities and Exchange Commission. DATASOURCE: Alliance One International, Inc. CONTACT: Ritchie L. Bond of Alliance One International, Inc., +1-434-791-6952 Web site: http://www.aointl.com/

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