Rose Rock borrows $163.5 million under existing credit agreement

By Tali Rackner

Norfolk, Va., Feb. 13 – Rose Rock Midstream, LP borrowed about $163.5 million under its credit agreement, according to an 8-K filing with the Securities and Exchange Commission.

Proceeds were used to fund a portion of the cash consideration and to pay other costs and expenses related to its drop-down transaction.

The Royal Bank of Scotland plc is the administrative agent and collateral agent.

SemGroup is a Tulsa, Okla.-based provider of transportation, distribution and marketing services to producers and refiners of petroleum products.

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