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Fri 22 Jan 2010, 07:04 GMT

Aegean announces pricing of public offering


Bunker supplier prices public offering of common shares ahead of sale next week.

Physical marine fuel and lubricants supplier Aegean Marine Petroleum Network Inc. has announced that its has priced its public offering of 3,906,000 common shares at a price of $32.75 per share.

The company expects to close the sale of the common shares on January 27, 2010, subject to customary closing conditions.

Goldman, Sachs & Co. and Jefferies & Company, Inc. are serving as joint book-running managers and BB&T Capital Markets, Clarkson Johnson Rice, Dahlman Rose & Company, Lazard Capital Markets, and Stephens Inc. are acting as co-managers for the offering.

The underwriters will have a 30-day option to purchase up to an additional 585,900 shares of common stock offered by the Company.

As announced previously, the company intends to use the net proceeds from this offering to fund certain corporate acquisitions and for general corporate purposes.

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