ANW - Aegean Marine Petroleum Network Inc.

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  • Business Wire

    Aegean Marine Petroleum Network Inc. Plan of Reorganization Confirmed by Court

    Aegean Marine Petroleum Network Inc. (ANW) (“Aegean” or the “Company”) announced today that the U.S. Bankruptcy Court for the Southern District of New York (the “Court”) has confirmed its plan of reorganization (the “Plan”), subject to minor modifications. This development paves the way for the Company to emerge from Chapter 11 restructuring next week as a wholly-owned subsidiary of Mercuria Energy Group Limited (“Mercuria”), one of the world’s largest independent energy and commodity companies. The Plan was the result of the Company’s successful global settlement with its various creditor groups, including Mercuria, the Official Committee of Unsecured Creditors of Aegean, American Express Travel Related Services Company, Inc., and certain holders of the Company’s unsecured convertible notes.

  • Business Wire

    Aegean Marine Petroleum Network Inc. Achieves Significant Milestones in Restructuring Progress

    Aegean Marine Petroleum Network Inc. (ANW) (“Aegean” or the “Company”) announced that the U.S. Bankruptcy Court for the Southern District of New York (the “Court”) has approved its revised final motion related to $535 million in aggregate Debtor-in-Possession financing (the “DIP Facility”) from Mercuria Energy Group Limited (“Mercuria”), one of the world’s largest independent energy and commodity companies. The Court also approved the Company’s Restructuring Support Agreement (the “RSA”) with Mercuria, the Official Committee of Unsecured Creditors of Aegean, American Express Travel Related Services Company, Inc., and certain holders of the Company’s unsecured convertible notes.