Aegean Marine Petroleum Network is prepping a notes offering to raise up to $115m in gross proceeds.
The New York-listed bunkering company, in which shipowner Peter Georgiopoulos is chairman and largest shareholder, said it intends to sell $100m in bonds in a sale to institutional investors.
Initial purchasers will also have a 30-day option to buy up to $15m more.
The interest rate for the convertible, five-year notes has not been set.
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