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Article: Aegean Marine Petroleum Network Inc. Announces New $50 Million Credit Facility.
- Article from:
- Investment Weekly News
- Article date:
- October 10, 2009
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Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced it has signed a new $50 million senior secured revolving credit facility, guarantee, and letter of credit with National Bank of Greece, the largest commercial bank in Greece. Aegean now has access to a total of $340 million in senior secured revolving credit facilities. The new $50 million facility has a term of one year and can be renewed on each anniversary upon the Company's request and the lender's approval.
E. Nikolas Tavlarios, President, commented, "We are pleased to once again secure a credit facility and strengthen our considerable financial flexibility during a credit market that remains ...