UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE
13A-16 OR 15D-16 UNDER THE SECURITIES
EXCHANGE
ACT OF 1934
For the
month of February 2009
Commission
File Number: 001-33179
AEGEAN
MARINE PETROLEUM NETWORK INC.
(Translation
of registrant's name into English)
42
Hatzikyriakou Avenue
Piraeus,
Athens 185 38
Greece
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form 20-F
[ X ] Form 40-F [
]
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): ________.
Note: Regulation S-T Rule
101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely
to provide an attached annual report to security holders.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7): ________.
Note: Regulation S-T Rule
101(b)(7) only permits the submission in paper of a Form 6-K if submitted to
furnish a report or other document that the registrant foreign private issuer
must furnish and make public under the laws of the jurisdiction in which the
registrant is incorporated, domiciled or legally organized (the registrant's
"home country"), or under the rules of the home country exchange on which the
registrant's securities are traded, as long as the report or other document is
not a press release, is not required to be and has not been distributed to the
registrant's security holders, and, if discussing a material event, has already
been the subject of a Form 6-K submission or other Commission filing on
EDGAR.
INFORMATION
CONTAINED IN THIS FORM 6-K REPORT
Attached
as Exhibit 1 is a copy of the press release of Aegean Marine Petroleum Network
Inc. (the “Company”) issued on February 18, 2009, announcing that the Company
has received a commitment letter for a new $300 million senior secured revolving
and letter of credit facility.
Exhibit
1
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CONTACTS:
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||
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Aegean
Marine Petroleum Network Inc.
(212)
763-5665
investor@ampni.com
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Investor
Relations:
Leon
Berman, Principal
The
IGB Group
(212)
477-8438
|
Aegean
Marine Petroleum Network Inc. Announces New $300 Million Credit
Facility
Solidifies
Financial Flexibility
PIRAEUS,
Greece, February 18, 2009 – Aegean Marine Petroleum Network Inc. (NYSE: ANW)
today announced it has received a commitment letter for a new $300 million
senior secured revolving and letter of credit facility. The two-year facility,
underwritten by HSH Nordbank AG and The Royal Bank of Scotland plc, is subject
to the execution of final documentation.
Under the
terms of the commitment, the facility will bear interest at LIBOR plus a margin
of 0.50% for documentary letters of credit, 1.50% for standby letters of credit
and guarantee, and 2.50% for direct borrowings. The facility also has an
accordion feature by which Aegean can increase the availability under the
facility subject to lender commitments. Upon closing of the new facility, Aegean
will have a total of $320 million in senior secured revolving credit
facilities.
E.
Nikolas Tavlarios, President, commented, “We are pleased to secure a new $300
million credit facility on attractive terms during a challenging credit
environment. The new facility, which provides ample liquidity to manage both the
fluctuation in marine fuel prices and procurement of supply in large quantities,
highlights Aegean’s leading industry reputation and underscores the Company’s
strong banking relationships. By further strengthening our working capital base,
a key differentiator for Aegean, we plan to continue to take advantage of the
strong worldwide demand for our comprehensive marine fuel services and further
expand sales volumes. We also intend to utilize our considerable financial
flexibility to capitalize on additional growth opportunities that best serve the
interests of our shareholders.”
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 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 13 markets, including Vancouver,
Montreal, Mexico, Jamaica, West Africa, Gibraltar, U.K., Northern Europe,
Greece, the United Arab Emirates as well as Singapore, and plans to commence
operations in Tangiers, Morocco and Trinidad and Tobago.
Cautionary
Statement Regarding Forward-Looking Statements
Matters
discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995
provides safe harbor protections for forward-looking statements in order to
encourage companies to provide prospective information about their
business. Forward-looking statements include statements concerning
plans, objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than statements of
historical facts.
The
Company desires to take advantage of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 and is including this cautionary
statement in connection with this safe harbor legislation. The words "believe,"
"intend," "anticipate," "estimate," "project," "forecast," "plan," "potential,"
"may," "should," "expect" and similar expressions identify forward-looking
statements. The forward-looking statements in this press release are based upon
various assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, our management's examination of historical
operating trends, data contained in our records and other data available from
third parties. Although we believe that these assumptions were reasonable when
made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and
are beyond our control, we cannot assure you that we will achieve or accomplish
these expectations, beliefs or projections.
In
addition to these important factors, other important factors that, in our view,
could cause actual results to differ materially from those discussed in the
forward-looking statements include our ability to manage growth, our ability to
maintain our business in light of our proposed business and location expansion,
our ability to obtain double hull secondhand bunkering tankers, the outcome of
legal, tax or regulatory proceedings to which we may become a party, adverse
conditions in the shipping or the marine fuel supply industries, our ability to
retain our key suppliers and key customers, material disruptions in the
availability or supply of crude oil or refined petroleum products, changes in
the market price of petroleum, including the volatility of spot pricing,
increased levels of competition, compliance or lack of compliance with various
environmental and other applicable laws and regulations, our ability to collect
accounts receivable, changes in the political, economic or regulatory conditions
in the markets in which we operate, and the world in general, our failure to
hedge certain financial risks associated with our business, our ability to
maintain our current tax treatments and our failure to comply with restrictions
in our credit agreements and other factors. Please see our filings with the
Securities and Exchange Commission for a more complete discussion of these and
other risks and uncertainties.
###
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
AEGEAN MARINE PETROLEUM NETWORK
INC.
(registrant)
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Dated: February
19, 2009
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By: /s/ E. Nikolas
Tavlarios
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Name:
E. Nikolas Tavlarios
Title: President
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SK 23250 0002
967512