Alliance One International : Reports Positive Fiscal First Quarter 2019 Results and Continued Progress on One Tomorrow Transformation Initiatives | 4-Traders
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During the three months ending June 30, 2018, we utilized surplus cash to reduce long-term debt with the purchase and cancellation of $10.9 million of our 9.875% senior secured second lien notes and an additional $7 million in July 2018, leaving $645.1 million face amount outstanding after the purchases in July. Our liquidity at quarter end was strong with available credit lines and cash of $530.9 million including $6.4 million available for letters of credit. We will continue to monitor and adjust funding sources as needed to enhance and drive various business opportunities that maintain flexibility and meet cost expectations. In the future, the Company may elect to redeem, repay, make open market purchases, retire or cancel indebtedness prior to stated maturity under its various global bank facilities and outstanding public notes, as they may permit.
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