Aegean Marine Petroleum renews $1 billion, $250 million revolvers

By Tali Rackner

Norfolk, Va., Sept. 17 – Aegean Marine Petroleum Network Inc. has renewed its $1 billion secured global borrowing base multicurrency revolving credit facility and its $250 million secured U.S. borrowing base revolver, according to an 8-K filing with the Securities and Exchange Commission.

The U.S. facility is intended to continue to finance the company's operations in the United States. Both facilities will also continue to be used for the financing of working capital needs in connection with the purchase, transportation, storage and sale of fuel and gas oil.

ABN Amro Inc. arranged the global facility renewal as active bookrunning mandated lead arranger, coordinator and agent.

ABN Amro also arranged the U.S. revolver renewal as lead arranger, bookrunner, syndication agent and agent.

Aegean is a Piraeus, Greece-based marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea.

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