SemGroup Corp. - 2016-06-16
Description
Priced its upsized public offering of 7.5 million Class A common shares at $27 each. The underwriter received a 30-day option to purchase about 1.1 million additional shares. Net proceeds will support working capital and general corporate purposes that include capex and paying down the revolving credit facility. Barclays is the sole book-running manager.