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• Tranche A – a USD 100 million 364-day Secured Committed Multicurrency Borrowing Base Revolving Credit Facility; • Tranche B – a USD 100 million 2-year Secured Committed Multicurrency Borrowing Base Revolving Credit Facility; and • Tranche C – a USD 600 million Secured Uncommitted Multicurrency Borrowing Base Revolving Credit Facility. "We appreciate the interest of our lenders and their confidence in our ability to execute our strategy, which is focused on achieving profitable revenue growth and increased global market share," said E. Nikolas Tavlarios, President. "We have significantly enhanced our financial flexibility and we believe our strong financial position is a key competitive advantage. These new credit facilities represent a significant milestone and position Aegean to continue to capitalize on emerging opportunities to expand our business." About Aegean Aegean Marine Petroleum Network Inc. is an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea. The Company procures product from various sources (such as refineries, oil producers, and traders) and resells it to a diverse group of customers across all major commercial shipping sectors and leading cruise lines. Currently, Aegean has a global presence in 20 markets, including Vancouver, Montreal, Mexico, Jamaica, Trinidad and Tobago, Gibraltar, U.K., Northern Europe, Piraeus, Patras, the United Arab Emirates, Singapore, Morocco, the Antwerp-Rotterdam-Amsterdam (ARA) region, Las Palmas, Tenerife, Cape Verde, Panama, Hong Kong and Barcelona. The Company has also entered into a strategic alliance to extend its global reach to China. To learn more about Aegean, visit http://www.ampni.com. Source: Aegean Marine Petroleum Network Inc. |