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Prospect News home > News index > List of issuers S > Headlines for SemGroup Corp. > News item
Published on 5/9/2011 in the Prospect News Bank Loan Daily.

SemGroup to launch $650 million credit facility on Tuesday

By Sara Rosenberg

New York, May 9 - SemGroup Corp. is set to hold a bank meeting on Tuesday to launch a $650 million credit facility, according to a market source.

RBS Securities Inc. is the left lead bank on the deal.

The facility consists of a $350 million five-year revolver, a $100 million five-year term loan A and a $200 million seven-year term loan B, the source said.

Proceeds will be used to refinance existing debt.

SemGroup is a Tulsa, Okla.-based midstream service company.


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