TULSA, Okla., June 7, 2013 (GLOBE NEWSWIRE) -- SemGroup ® Corporation (NYSE:SEMG) (SemGroup) today announced the pricing of an offering of $300 million in aggregate principal amount of senior unsecured notes due 2021 (the Notes) for sale in a private placement to eligible purchasers. The 7.5% Notes will mature on June 15, 2021, and are being issued at par. SemGroup anticipates that consummation of the offering will occur on June 14, 2013, subject to the satisfaction of customary closing conditions, and intends to use a portion of the net proceeds from the offering to fund the acquisition of Mid-America Midstream Gas Services, L.L.C., a subsidiary of Chesapeake Energy Corporation (the Acquisition) and to repay amounts borrowed under SemGroup's corporate revolving credit facility. If, for any reason, the Acquisition does not close, the net proceeds will be used for general corporate purposes.
SemGroup Corporation Announces Pricing Of $300 Million Of 7.5% Senior Notes
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