TULSA, Okla., June 16, 2016 (GLOBE NEWSWIRE) — SemGroup® Corporation (NYSE:SEMG) today announced the pricing of its upsized underwritten public offering of 7,500,00 shares of its Class A common stock at an offering price of $27.00 per share. The underwriter has been granted a 30-day option to purchase up to an additional 1,125,000 Class A common shares. This offering is expected to close on June 22, 2016, subject to customary closing conditions.
SemGroup expects to use the net proceeds from the offering and from any exercise of the underwriter’s option for working capital and general corporate purposes, including to pay down its revolving credit facility and for future capital expenditures.
Barclays is acting as the sole book-running manager for the offering. A copy of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained, when available, by sending a request to:
Barclays
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: 888-603-5847
[email protected]
You may also obtain these documents for free when they are available from the Securities and Exchange Commission (“SEC”) at www.sec.gov.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any of the securities described herein, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The offering is being made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.The offering is made pursuant to an effective shelf registration statement and prospectus filed by SemGroup with the SEC.
About SemGroup Corporation
Based in Tulsa, OK, SemGroup® Corporation (NYSE:SEMG) is a publicly traded midstream service company providing the energy industry the means to move products from the wellhead to the wholesale marketplace. SemGroup provides diversified services for end-users and consumers of crude oil, natural gas, natural gas liquids, refined products and asphalt. Services include purchasing, selling, processing, transporting, terminalling and storing energy.
