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Aegean Marine Petroleum has filed a 155-page document with the U.S. Securities and Exchange Commission (SEC) which includes the company's prospectus supplement for its proposed offering of $42 million of 4.00% convertible senior notes due 2018.

The document is in two parts. The first part is the prospectus supplement, which describes the specific terms of the offering and also adds to and updates information contained in the base prospectus. The second part, the base prospectus, gives more general information about securities Aegean says it may offer "from time to time".

"The new notes are be issued under the indenture pursuant to which, on October 23, 2013, we issued $86.25 million aggregate principal amount of our 4.00% Convertible Senior Notes due 2018," Aegean said in the document.

The bunker firm added: "The new notes will have the same terms (other than issue date and public offering price) as the initial notes and will rank pari passu with, and vote together with, the holders of the initial notes on any matter submitted to the holders of such series.

"The new notes will have the same CUSIP number and ISIN as the initial notes and will be fungible with the initial notes for trading purposes. The notes will bear interest at a rate equal to 4.00% per year. Interest on the notes will be payable semi-annually in arrears on May 1 and November 1 of each year, beginning May 1, 2015. Interest will accrue on the new notes from November 1, 2014, and thereafter, from the last date on which interest has been paid or duly provided for. Unless earlier converted, redeemed or repurchased, the notes will mature on November 1, 2018.

"The conversion rate will initially equal 70.2679 shares of our common stock per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $14.23 per share of our common stock), and will be subject to adjustment as described in this prospectus supplement. In addition, we will, in certain circumstances, increase the conversion rate for holders who convert their notes in connection with a make-whole fundamental change.

"We may not redeem the notes prior to November 1, 2016. On and after November 1, 2016, we may redeem for cash all, but not less than all, of the notes if the last reported sale price of our common stock equals or exceeds 140% of the applicable conversion price for at least 20 trading days during the 30 consecutive trading day period ending on the trading day immediately prior to the date on which we deliver notice of the redemption.

"The redemption price will equal 100% of the principal amount of the notes to be redeemed, plus any accrued and unpaid interest to, but excluding, the redemption date. In addition, if we call the notes for redemption, a make-whole fundamental change will be deemed to occur. As a result, we will, in certain circumstances, increase the conversion rate for holders who convert their notes after we deliver a notice of redemption and before the close of business on the business day immediately preceding the relevant redemption date."

A link to the full 155-page document has been provided below:

Aegean Marine Petroleum Prospectus Supplement