Peter Georgiopoulos-led Aegean Marine Petroleum Network has renewed $1.25bn in revolving credit facilities a day after it closed an agreement to buy out its largest shareholder.

Most banks involved in the original credit lines stayed on.

The New York-listed bunkers supplier said renewed a $1bn secured multicurrency facility led by Amsterdam-based ABN Amro, which is syndication agent on the loan.

The large syndicate also has BNP Paribas, KBC, NATIXIS, Rabobank, ING Bank, Societe Generale, Belfius, National Bank of Greece, Credit Suisse, Mashreqbank and Emirates NBD as lenders.

Aegean,