SemGroup Corporation Announces Proposed Private Offering of Senior Notes
September 12 2017 - 7:50AM
SemGroup® Corporation (NYSE:SEMG) today announced that it intends
to offer, subject to market and other conditions, $300 million in
aggregate principal amount of senior unsecured notes due 2026 (the
“notes”) for sale in a private placement to eligible purchasers.
SemGroup intends to use the net proceeds from the sale of the notes
to repay a portion of the amounts outstanding under its revolving
credit facility.
This press release is neither an offer to sell nor a
solicitation of an offer to buy the notes or any other securities
and shall not constitute an offer, solicitation or sale in any
jurisdiction in which such offer, solicitation or sale is unlawful.
The notes and the guarantees thereof have not been registered under
the Securities Act of 1933, as amended (the “Securities Act”), or
any state securities laws and may not be offered or sold in the
United States absent registration or applicable exemption from the
registration requirements under the Securities Act and applicable
state securities laws. The notes are expected to be offered and
sold only to qualified institutional buyers pursuant to Rule 144A
under the Securities Act and to non-U.S. persons outside
of the United States pursuant to Regulation S under the Securities
Act. This press release is being issued in accordance with Rule
135c under the Securities Act.
Forward-Looking StatementsCertain matters
contained in this Press Release include “forward-looking
statements” within the meaning of Section 27A of the Securities Act
and Section 21E of the Securities Exchange Act of 1934, as amended.
We make these forward-looking statements in reliance on the safe
harbor protections provided under the Private Securities Litigation
Reform Act of 1995.
All statements, other than statements of historical fact,
included in this press release, including regarding the offering of
the notes, and the expected use of proceeds from such offering, may
constitute forward-looking statements. Although we believe that the
expectations reflected in these forward-looking statements are
reasonable, we cannot assure you that these expectations will prove
to be correct. These forward-looking statements are subject to
certain known and unknown risks and uncertainties, as well as
assumptions that could cause actual results to differ materially
from those reflected in these forward-looking statements. Factors
that might cause actual results to differ include, but are not
limited to, (i) SemGroup’s business plans may change as
circumstances warrant and the offering of the notes may not
ultimately be completed because of general market conditions or
other factors or (ii) any of the factors discussed from time
to time in each of our documents and reports filed with the
Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on any
forward-looking statements contained in this press release, which
reflect management’s opinions only as of the date hereof. Except as
required by law, we undertake no obligation to revise or publicly
release the results of any revision to any forward-looking
statements.
Investor Relations:Alisa
Perkins918-524-8081investor.relations@semgroupcorp.com
Media:Tom Droege918-524-8560tdroege@semgroupcorp.com
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