Mon 19 Jan 2015 06:07

Aegean files copy of underwriting agreement


45-page document is filed with the U.S. Securities and Exchange Commission (SEC).



Aegean Marine Petroleum has filed a 45-page document with the U.S. Securities and Exchange Commission (SEC) that contains a copy of the underwriting agreement, dated January 13, 2015, with Jefferies LLC - the investment banking firm acting as sole book-running manager for its proposed offering of $42 million of 4.00% convertible senior notes due 2018.

"Aegean Marine Petroleum Network Inc., a corporation existing under the laws of the Republic of the Marshall Islands (the "Company"), proposes to issue and sell to the several underwriters named in Schedule A (the "Underwriters") an aggregate principal amount of $42,000,000 of 4.00% Convertible Senior Notes due 2018 (the "Initial Securities"). The Initial Securities will be issued pursuant to an indenture (the "Base Indenture") dated as of October 23, 2013 between the Company and Deutsche Bank Trust Company Americas, as trustee (the "Trustee"), as supplemented by a supplemental indenture dated as of October 23, 2013 between the Company and the Trustee (the "Supplemental Indenture" and together with the Base Indenture, the "Indenture"). In addition, the Company has granted to the Underwriters an option to purchase up to an additional $6,300,000 aggregate principal amount of its 4.00% Convertible Senior Notes due 2018 as provided in Section 2 (the "Option Securities" and together with the Initial Securities, the "Securities"). The Securities will be convertible into shares of common stock, par value $0.01 per share (the "Common Stock"), of the Company (such shares, the "Conversion Shares") on the terms, and subject to the conditions, set forth in the Indenture. Jefferies LLC ("Jefferies") has agreed to act as representative of the several Underwriters (in such capacity, the "Representative") in connection with the offering and sale of the Securities. To the extent there are no additional underwriters listed on Schedule A, the term "Representative" as used herein shall mean you, as Underwriter, and the term "Underwriters" shall mean either the singular or the plural, as the context requires.

"The Securities will be a part of the same series of notes as the $86,250,000 principal amount of 4.00% Convertible Senior Notes due 2018 previously offered and issued on October 23, 2013," the underwriting agreement says.

For a full copy of the 45-page agreement, please click on the link below.

Underwriting agreement between Aegean Marine Petroleum and Jefferies LLC


Product tanker Artizen, owned by Hong Lam Marine. Hong Lam Marine takes delivery of Artizen tanker in Japan  

Singapore-based firm receives new vessel from Kegoya Shipyard.

Birdseye view of containership. Panama Canal launches NetZero Slot to incentivize low-emission transits  

New reservation category prioritizes dual-fuel vessels capable of using alternative fuels from November.

Van Oord's Vox Apolonia. Van Oord deploys bio-LNG dredger for Dutch coastal project  

First bio-LNG powered trailing suction hopper dredger operation begins in the Netherlands.

Model testing for Green Handy methanol-powered vessel. Methanol-fuelled Green Handy ships pass model tests ahead of 2026 construction  

Baltic carrier reports model testing exceeded performance targets for 17,000 dwt methanol-powered vessels.

Miguel Hernandez and Olivier Icyk at AiP for FPSO. SBM Offshore's floating ammonia production design gets ABS approval  

Design converts offshore gas to ammonia while capturing CO2 for maritime and power sectors.

Philippe Berterottière and Matthieu de Tugny. GTT unveils cubic LNG fuel tank design for boxships with BV approval  

New GTT CUBIQ design claims to reduce construction time and boost cargo capacity.

Wilhelmshaven Express, Hapag-Lloyd. Hapag-Lloyd secures multi-year liquefied biomethane supply deal with Shell  

Agreement supports container line's decarbonisation strategy and net-zero fleet operations target by 2045.

Dual-fuel ship. Dual-fuel vessels will dominate next decade, says Columbia Group  

Ship manager predicts LNG-powered vessels will bridge gap until zero-carbon alternatives emerge.

Stril Poseidon vessel. VPS campaign claims 12,000 tonnes of CO2 savings across 300 vessels  

Three-month efficiency drive involved 12 shipping companies testing operational strategies through software platform.

Birdseye view of a ship. Gard warns of widespread cat fines surge in marine fuel  

Insurer reports elevated contamination levels, echoing VPS circular in early September.