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Aegean Marine Petroleum Closes $100 Million Credit Line

December 15, 2009 (FinancialWire) — Aegean Marine Petroleum Network Inc. (NYSE: ANW) said it has signed a new $100 million secured credit facility and letter of credit with BNP Paribas. The facility is a one year uncommitted trade finance facility that the company considers to have competitive pricing.

With this agreement, our company now has a total of $420 million in working capital credit facilities, which it said in a statement come “under favorable terms.”

Greece-based Aegean Marine Petroleum Network is an international 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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