The US Bankruptcy Court gave an order to Aegean Marine Petroleum Network Inc. to obtain DIP financing on an interim basis on November 9, 2018. As per the order, the debtor has been authorized to obtain $40 million (Initial DIP Term Loan) out of a total facility of $532 million consisting of $160 million debtor-in-possession U.S. revolving credit facility, a $300 million debtor-in-possession global revolving credit facility, and a multiple delayed draw term loan credit facility in an aggregate principal amount of $72 million, from Mercuria US Asset Holdings, LLC, and Mercuria Energy Trading S.A. with ABN Amro Capital USA LLC acting as the administrative agent. Each ABR Loan that is a revolving loan or Swing Line Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Rate for revolving loan or Swing Line Loan (3.5%) and that is a term loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Rate for term loans (2.5%). Each LIBO Rate Loan that is a revolving loan shall bear interest at a rate per annum equal to the Adjusted LIBO Rate for the Interest Period therefor plus the Applicable Rate (3.5%), and each LIBO Rate Loan that is a term loan shall bear interest at a rate per annum equal to the Adjusted LIBO Rate for the Interest Period plus the Applicable Rate (6.5%). In the event of default an additional 2% p.a. interest will be charged. As per the terms of the DIP agreement, the loan carries a commitment fee of 2.5% p.a. for Term Loans and 1.5% for Revolving Loans and Global DIP Revolving Credit Facility carries a Up-Front Fee of $4.5 million. The DIP facility would mature either on March 6, 2019 or on the effective date of the plan or on the date of consummation of the sale of substantially all assets, whichever is earlier. Adequate protection would be provided to the DIP lenders in the form of super-priority administrative expense claims which is subject to a carve-out of $2.55 million towards unpaid professional fees / administrative expenses and first priority lien upon and security interest in the debtor’s collateral. The lender is represented by Lauren Doyle of Norton Rose Fulbright US LLP as its legal counsel.