Aegean gets commitment for $300 million revolver

By Sara Rosenberg

New York, Feb. 18 - Aegean Marine Petroleum Network Inc. received a commitment for a new $300 million two-year senior secured revolving credit facility, according to a news release.

HSH Nordbank AG and the Royal Bank of Scotland are the underwriters on the deal.

Pricing on the revolver will be Libor plus 250 basis points. Documentary letters of credit will be priced at Libor plus 50 bps, and standby letters of credit and guarantee will be priced at Libor plus 150 bps.

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Aegean is an Athens, Greece-based marine fuel logistics company.

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