Aegean Marine Petroleum Network Inc. prices shares at $32.75
Aegean Marine Petroleum Network Inc. (the “Company”) (NYSE: ANW), an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea, today announced that it priced its public offering of 3,906,000 common shares at a price of $32.75 per share. The Company expects to close the sale of the common shares on January 27, 2010, subject to customary closing conditions. Goldman, Sachs & Co. and Jefferies & Company, Inc. are serving as joint book-running managers and BB&T Capital Markets, Clarkson Johnson Rice, Dahlman Rose & Company, Lazard Capital Markets, and Stephens Inc. are acting 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.
As previously announced, the Company intends to use the net proceeds from this offering to fund certain corporate acquisitions and for general corporate purposes.
The common shares are being offered pursuant to the Company’s effective shelf registration statement on file with the Securities and Exchange Commission. The offering is being made only by means of a prospectus and related prospectus supplement, which may be obtained, when available, by visiting the Securities and Exchange Commission’s website at www.sec.gov or by contacting Goldman, Sachs & Co. (Attention: Prospectus Department), 85 Broad Street, New York, New York 10004; telephone: (212) 902-1171; facsimile: (917) 343-8000; email: email@example.com) or Jefferies & Company, Inc. (Attention: Stephen M Ficara), 520 Madison Avenue, 12th Floor, Syndicate Middle Office, New York, NY 10022; telephone: (212) 284-3418; email: Sficara@Jefferies.com.
This press release does not constitute an offer to sell or the solicitation of any offer to buy the common stock, nor shall there be any such offer or solicitation or any sale of the common stock in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Aegean Marine Petroleum Network Inc.
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.