| Aegean Marine Petroleum Network Inc. Announces New $300 Million Credit ...
PIRAEUS, Greece, Nov. 6 /PRNewswire-FirstCall/ -- Aegean Marine Petroleum Network Inc. (NYSE: ANW) , an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea, today announced it has received a commitment letter to enter into a new $300 million senior secured revolving credit facility. Underwritten by The Royal Bank of Scotland plc and HSH Nordbank AG, the new facility is expected to have a term of one year and bear interest at LIBOR plus a margin ranging between 0.25% and 1.25%. The Company expects to use the proceeds from the new facility to replace a part of its existing $183.4 million senior secured credit facility. Final terms of the new credit facility are subject to the execution of final loan documents.
Ottawa fires nuclear safety commission head
The federal government has fired the head of the Canadian Nuclear Safety Commission, days after she publicly accused Natural Resources Minister Gary Lunn of interfering with the independence of the arm's-length watchdog. The former head of the Canadian Nuclear Safety Commission, Linda Keen, says she will appear at a parliamentary committee about the reactor closure on Wednesday.(CBC) "The president was aware of the importance of maintaining Canada's and the world's supply of medical isotopes," said the statement from Lunn's office. "However, given the growing crisis, she did not demonstrate the leadership expected of the president under the existing legislative provisions of the Nuclear Safety and Control Act to put the commission in a position to address the situation in a timely fashion." Lunn and Keen have been at odds since the 50-year-old Chalk River nuclear reactor was shut down in November, prompting a worldwide shortage of medical isotopes.
Ex-strongman leaves controversial legacy
Former strongman Soeharto, who died on Sunday, steered Indonesia through three decades of rapid economic growth and stability, only to see much of his work unravel in months as the country was plunged into chaos. The ex-general was swept out of office on May 21, 1998 amid a savage economic crisis, mass protests and riots in Jakarta that killed 1,200, while his own legacy was tarnished by charges his family had plundered billions of dollars through corrupt deals. The 86-year-old former president was taken to a Jakarta hospital on Jan. 4 with heart, lung and kidney problems. He suffered from multiple organ failure, doctors said on Sunday. Ethnic bloodletting, a ruined economy and weak government in the years after Soeharto's fall led some Indonesians to yearn for a return to his tough style of leadership.
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