Aegean Marine Petroleum Network renews $1.25 billion of revolvers

By Angela McDaniels

Tacoma, Wash., Sept. 20 – Aegean Marine Petroleum Network Inc. renewed its $1 billion secured global borrowing base multicurrency revolving credit facility and its $250 million secured U.S. borrowing base revolver on improved terms, according to a company new release.

For both revolvers, the renewal was arranged by ABN Amro as lead arranger, bookrunner and syndication agent. ABN Amro also acted as agent in all capacities.

The lending group for the global revolver includes ABN Amro, BNP Paribas, KBC, Natixis, Rabobank, ING, Societe Generale, Belfius, National Bank of Greece, Credit Suisse, Mashreqbank and Emirates NBD.

The lending group for the U.S. revolver includes ABN Amro, BNP Paribas, Natixis, ING, Macquarie and Societe Generale.

The company expects to continue to use its U.S. revolver, in part, to finance its operations in the United States. Both revolvers are expected to continue to be used for financing the company's working capital needs in connection with the purchase, transportation, storage and sale of fuel and gas oil for its global and U.S. businesses.

Aegean is a marine fuel logistics company based in Piraeus, Greece.

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