Aegean Marine Petroleum Inc. Signs USD 1Billion Secured Borrowing Base Multicurrency Revolving Credit Facilities

    Aegean Marine Petroleum Inc. Signs USD 1Billion Secured Borrowing Base
                  Multicurrency Revolving Credit Facilities

Company Well Positioned to Capitalize on Growth Opportunities

PR Newswire

PIRAEUS, Greece, Sept. 24, 2013

PIRAEUS,Greece, Sept. 24, 2013 /PRNewswire/ --Aegean Marine Petroleum
Network Inc. (NYSE:ANW) ("Aegean" or the "Company") today announced that it
has signed the facilities agreement for its new syndicated Secured Borrowing
Base Multicurrency Revolving Credit Facilities (the "Facilities").

The Facilities, which are expected to be drawn once the company executes
additional security documents and other facility documents, are comprised of
three tranches. These tranches will be used for the financing of the Company's
working capital needs in connection with the purchase, transportation, storage
and sale of fuel and gas oil:

  oTranche A – aUSD 155 million364-day Secured Committed Multicurrency
    Borrowing Base Revolving Credit Facility;
  oTranche B – aUSD 115 million2-year Secured Committed Multicurrency
    Borrowing Base Revolving Credit Facility; and
  oTranche C – aUSD 730 millionSecured Uncommitted Multicurrency Borrowing
    Base Revolving Credit Facility.

Tranche A carries two extension options of 364 days each and Tranche B carries
one extension option of 364 days. The extension options are exercisable upon
the Company's request and at the discretion of each lender.

"These facilities significantly enhance our financial flexibility and will
help support Aegean's continued ability to expand our global market share
while achieving profitable revenue growth," saidE. Nikolas Tavlarios,
President of Aegean. "We believe our liquidity and strong balance sheet are
key differentiators that create significant competitive advantages. We are
pleased to have achieved this important milestone."

Spyros Gianniotis Aegean's Chief Financial Officer added, "We are pleased that
eight of the 13 banks participating in the facilities are new to our bank
group. We appreciate the ongoing support from our lenders and their
confidence in our ability to continue to execute our strategy."

The Facilities were arranged by the Active Bookrunning Mandated Lead
Arrangers, ABN AMRO and BNP Paribas. ABN AMRO also acted as Coordinator and
Agent. The final lending group includes the following banks:

Bookrunner Mandated Lead Arrangers
BNP Paribas

Senior Mandated Lead Arrangers

Mandated Lead Arrangers
Rabobank International
ING Belgium, Brussels, Geneva Branch

Lead Arrangers
Belfius Bank SA
National Bank of Greece S.A.
Credit Suisse AG

Emirates NBD PJSC, London Branch
Arab Bank (Switzerland) Ltd.

About Aegean
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
21 markets, including Vancouver, Montreal, Mexico, Jamaica, Trinidad and
Tobago, Gibraltar, U.K., Northern Europe, Piraeus, Patras, the United Arab
Emirates, Singapore, Morocco, the Antwerp-Rotterdam-Amsterdam (ARA) region,
Las Palmas, Tenerife, Cape Verde, Panama, Hong Kong, Barcelona and Algeciras.
The Company has also entered into a strategic alliance to extend its global
reach to China. To learn more about Aegean, visit

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

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, the outcome of the loan syndication process our ability to draw
down facilities that become committed, 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 on Form 20-F , Form 6-K and otherwise for
a more complete discussion of these and other risks and uncertainties.

SOURCE Aegean Marine Petroleum Network Inc.

Contact: Aegean Marine Petroleum Network Inc., (203) 595-5184,
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