Aegean Marine Petroleum Network – Ad Hoc Group of Noteholders Objects to DIP Financing Motion,“Mercuria’s Aggressive Loan-to-Own Strategy”

November 7, 2018 – An ad hoc group of the Debtors’ convertible noteholders (the “Ad Hoc Group”)  filed an objection [Docket No. 29] to the Debtors’ debtor-in-possession (“DIP”) financing motion [Docket No. 17]. The Ad Hoc Group explains, “By the Motion, the Debtors seek approval of Mercuria’s onerous insider debtor-in-possession financing facility (the ‘Mercuria DIP…