Alliance One International Announces Completion of New Senior Secured Credit Facility and Closing of Offering of Senior Notes an

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.,

[phone]



Web site:  http://www.aointl.com/ 

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