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RSS FeedsAegean Marine Petroleum Network Inc Announces Transformative Transaction with Mercuria Energy Group
(WorldNews Greece)

 
 

16 august 2018 15:02:36

 
Aegean Marine Petroleum Network Inc Announces Transformative Transaction with Mercuria Energy Group
(WorldNews Greece)
 


NEW YORK--(BUSINESS WIRE)--Aug. 16, 2018-- Aegean Marine Petroleum Network Inc. (NYSE:ANW) (`Aegean` or the `Company`) announced today that Mercuria Energy Group Limited, together with its affiliates (`Mercuria`), became the sole lender under the Company`s U.S. and global revolving credit facilities (the `Trade Finance Facility`), as contemplated by the previously announced Memorandum of Understanding (`MOU`). Mercuria and the Company have executed a letter agreement (the `Letter Agreement`) detailing the US$30 million of incremental liquidity Mercuria is providing to the Company by way of amendments and waivers to the Trade Finance Facility and other financing arrangements. With this...


 
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