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Aegean Marine Petroleum Network Inc. Announces Proposed Offering of $75 Million Convertible Senior Notes



   Aegean Marine Petroleum Network Inc. Announces Proposed Offering of $75
                       Million Convertible Senior Notes

PR Newswire

PIRAEUS, Greece, Oct. 17, 2013

PIRAEUS, Greece, Oct. 17, 2013 /PRNewswire/ -- Aegean Marine Petroleum Network
Inc. (NYSE: ANW) ("Aegean") today announced that it plans to offer, subject to
market and other conditions, convertible senior notes due 2018 of $75 million
aggregate principal amount in an underwritten public offering pursuant to an
effective shelf registration statement on Form F-3. Aegean expects to grant
the underwriter a 30-day option to purchase up to an additional $11.25 million
aggregate principal amount of convertible senior notes in connection with the
offering. Prior to May 1, 2018, the notes will be convertible only upon
certain circumstances and during specified periods. Upon conversion, the
holders will receive, at Aegean's option, shares of Aegean's common stock,
cash or a combination of shares and cash. Jefferies LLC will be acting as the
sole book-running manager for the offering.

The notes will be general senior unsecured obligations of Aegean and will pay
interest semi-annually in arrears. The principal amount, interest rate,
conversion rate, offering price and other terms will be determined at the time
of pricing of the offering. Aegean expects to use the net proceeds for general
corporate purposes and working capital, including repayment of short-term
indebtedness without reduction in commitment.

The convertible senior notes will be offered and sold under Aegean's existing
shelf registration statement filed with the Securities and Exchange Commission
("SEC"), which went effective on August 30, 2013. Before you invest in the
convertible senior notes, you should read the prospectus and accompanying
preliminary prospectus supplement relating to the offering and other documents
Aegean has filed with the SEC for more complete information about Aegean and
the offering. You may get these documents at the SEC web site at
http://www.sec.gov/.  Copies of the preliminary prospectus supplement and
accompanying prospectus may also be obtained, when available, from Jefferies
LLC (Attn: Equity Syndicate Prospectus Department), 520 Madison Avenue, 12^th
Floor, New York, New York 10022, Phone: 1-877-547-6340,
Email:Prospectus_Department@Jefferies.com.

This press release does not constitute an offer to sell or a solicitation of
an offer to buy nor shall there be any sale of these securities in any state
or jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state or jurisdiction.

Forward-Looking Statements

This press release contains forward-looking statements that are made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements include statements concerning the
completion, timing and size of the proposed offering and other statements that
are other than statements of historical facts. These statements involve
significant risks and uncertainties. Because these statements reflect our
current expectations concerning future events, our actual events could differ
materially from those anticipated in these forward-looking statements as a
result of many factors. These factors include, but are not limited to: the
risk that the offering may be delayed or may not occur due to market or other
conditions and the satisfaction of customary closing conditions related to the
proposed public offering. Additional information concerning these and other
factors that may cause actual events to differ materially from those
anticipated in the forward-looking statements is contained in the "Risk
Factors" section of Aegean's most recent Annual Report on Form 20-F, in our
other periodic reports and filings with the SEC and in the prospectus
supplement related to the offering. We caution investors not to place undue
reliance on the forward-looking statements contained in this press release.
All forward-looking statements are based on information currently available to
Aegean on the date hereof, and we undertake no obligation to revise or update
these forward-looking statements to reflect events or circumstances after the
date of this press release, except as required by law.

SOURCE Aegean Marine Petroleum Network Inc.

Website: http://www.ampni.com
Contact: Tom Marinos, 203-595-5184
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