Replies to post #287 on Aegean Marine Petroleum Network Inc (fka ANWWQ)

[oich]

Mercuria started as the stalking horse bidder this past summer. Oaktree/Hartree stepped in and made a proposal as of 12/13/18 (which was last Thursday) and Mercuria immediately sweetened their proposal.... and it looks like they must have done so overnight. I guess they really want Aegean. They are restructuring all of the secured debt and contributing $40m to unsecured and giving the litigation claims to unsecured. It looks like they’re claiming $300m was stolen from them. I assume this is the litigation claim but I need to read up on that. If unsecured is paid then equity is next. Would be nice. The docket is on dm.epiq11.com. Search for Aegean.