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Aegean Marine Petroleum Network Inc. Announces Proposed Public Offering of Common Stock |
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Wednesday, 20 January 2010 |
 Aegean Marine Petroleum Network Inc., an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea, yesterday announced that it intends to offer, subject to market and other conditions, 3,906,000 shares of its common stock in an underwritten public offering under an effective shelf registration statement on file with the Securities and Exchange Commission.
Goldman, Sachs & Co. and Jefferies & Company, Inc. will serve
as joint book-running managers and BB&T Capital Markets, Dahlman
Rose & Company, Clarkson Johnson Rice, Lazard Capital Markets, and
Stephens Inc. will serve as co-managers for the offering. The
underwriters will have a 30-day option to purchase up to an additional
585,900 shares of common stock offered by the Company.
The Company intends to use the net proceeds from this offering to fund
certain corporate acquisitions and for general corporate purposes.
Aegean Marine Petroleum Network Inc. is an international marine fuel
logistics company that markets and physically supplies refined marine
fuel and lubricants to ships in port and at sea. The Company procures
product from various sources (such as refineries, oil producers, and
traders) and resells it to a diverse group of customers across all
major commercial shipping sectors and leading cruise lines. Currently,
Aegean has a global presence in 14 markets, including Vancouver,
Montreal, Mexico, Jamaica, Trinidad and Tobago, West Africa, Gibraltar,
U.K., Northern Europe, Piraeus, Patras, the United Arab Emirates,
Singapore and Morocco.
Source: Aegean Marine Petroleum Network Inc.
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