In astatement New York-listed Aegean said the funding will helpcover the working capital requirements of Aegean Bunkering (USA).
Itnoted this is the same subsidiary that was formed to completethe recentacquisition of Hess Corporation’s US East Coast bunkering business for $30m.
"This$150m working capital facility will support our expansion into the US as wecontinue to execute on our strategy to grow revenues, strategically leverageour fixed infrastructure and drive profitability," added president NikolasTavlarios in a statement.
Theexecutive
