PIRAEUS, Greece, Jan. 12, 2015 /PRNewswire/ -- Aegean Marine
Petroleum Network Inc. (NYSE: ANW) (the "Company") announced today
that it intends to offer $40.0
million aggregate principal amount of additional 4.00%
Convertible Senior Notes due 2018 (the "new notes") in a registered
public offering. The new notes are expected to have the same
terms as, be fungible with, and form a single series with,
$86.25 million aggregate principal
amount of the Company's 4.00% Convertible Senior Notes due 2018
that were issued in October 2013 (the
"existing notes", and together with the new notes, the "notes"),
all of which remain outstanding. The Company also intends to grant
the underwriters a 30-day option to purchase up to an additional
$6.0 million in aggregate principal
amount of the 4.00% Convertible Senior Notes due 2018. Upon
conversion, noteholders will receive, at the Company's option,
shares of the Company's common stock, cash or a combination of
shares and cash. The Company expects to use the net proceeds from
the sale of the new notes for working capital required to fund its
expansion into existing and new markets. Jefferies LLC is acting as
sole book-running manager for the offering.
The offering may be made only by means of a prospectus
supplement and accompanying base prospectus. When available,
copies of the prospectus supplement and accompanying base
prospectus related to the offering may be obtained from Jefferies
LLC (Attn: Equity Syndicate Prospectus Department), 520 Madison
Avenue, 2nd Floor, New York, New
York 10022, Phone: 1-877-547-6340, Email:
Prospectus_Department@Jefferies.com.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any state or
other jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. A shelf registration
statement relating to the new notes was filed with the U.S.
Securities and Exchange Commission (the "SEC") and is
effective.
Forward-Looking Statements
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements include statements concerning the completion, timing and
size of the proposed offering and other statements that are other
than statements of historical facts. These statements involve
significant risks and uncertainties. Because these statements
reflect our current expectations concerning future events, our
actual events could differ materially from those anticipated in
these forward-looking statements as a result of many factors. These
factors include, but are not limited to: the risk that the offering
may be delayed or may not occur due to market or other conditions
and the satisfaction of customary closing conditions related to the
proposed public offering. Additional information concerning these
and other factors that may cause actual events to differ materially
from those anticipated in the forward-looking statements is
contained in the "Risk Factors" section of the Company's most
recent Annual Report on Form 20-F, in our other periodic reports
and filings with the SEC and in the prospectus supplement related
to the offering. The Company cautions investors not to place undue
reliance on the forward-looking statements contained in this press
release. All forward-looking statements are based on information
currently available to the Company on the date hereof, and the
Company undertakes no obligation to revise or update these
forward-looking statements to reflect events or circumstances after
the date of this press release, except as required by law.
Investor Relations: 212-430-1098
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SOURCE Aegean Marine Petroleum Network Inc.