17JAN2019 - NEWS - Marine fuel logistics firm Aegean Marine Petroleum Network expects to exit chapter 11 on sooner basis

Marine fuel logistics firm Aegean Marine Petroleum Network is poised to emerge from Chapter 11 “quickly”,. The U.S. Bankruptcy Court for the Southern District of New York has cleared the company’s revised final motion related to USD 535 million financing from Mercuria Energy Group Limited. The court also approved the company’s Restructuring Support Agreement 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. Aegean has also filed its plan of reorganization and disclosure statement, critical steps toward exiting bankruptcy.

Published by Editor - www.Livebunkers.com at 17-Jan-2019 05:33:40 [UTC] , contact editor at editor@livebunkers.com