Aegean Marine Petroleum Network raised the cash pot in a bond deal Wednesday, with the New York-listed bunkers supplier now chasing nearly $173m in gross proceeds.

The company, whose chairman and largest shareholder is New York shipowner Peter Georgiopoulos, said it has added $50m to the main private offering for the convertible senior notes.

That brings principal to $150m.

Options increased, too

The initial purchasers will also have options to buy $22.5m