SemGroup Energy to seek lender approval for sale of general partner

By Sara Rosenberg

New York, Oct. 8 - SemGroup Energy Partners LP will need to get consents from lenders under its credit facility in order to allow Vitol Inc. to purchase its general partner, SemGroup Energy Partners GP LLC, according to a news release.

Vitol will also acquire SemGroup Energy Partners' subordinated units.

The agreement is subject to a number of customary closing conditions and approvals.

SemGroup Energy is a Tulsa, Okla.-based operator of a diversified portfolio of complementary midstream energy assets.

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