Alliance One International, Inc. -- Moody's assigns Caa1 rating to Alliance One's $790 million Senior Secured Second Lien Notes, Ba3 rating to First Lien revolver

New York, July 18, 2013 -- Moody's Investors Service today assigned Caa1 senior secured rating to Alliance One International, Inc.'s ("AOI") $790 million senior secured second lien notes issuance and Ba3 rating to the company's $250 million first lien senior secured revolver. Proceeds of the second lien secured offering will be used to redeem the $635 million senior unsecured notes due 2016 and to tender for some portion, if not all, of the subordinated convertible notes due in July 2014. The Speculative Grade Liquidity Rating was upgraded to SGL-3 from SGL-4, reflecting the amendment and extension of the company's revolving credit facility to 2017. Moody's affirmed the B3 Corporate Family Rating (CFR) of B3, and the outlook is stable.

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