Key Deals In Hand, SemGroup Wins Plan Approval
Judge Brendan L. Shannon of the U.S. Bankruptcy Court for the District of Delaware on Monday approved the Tulsa, Okla.-based company's fourth amended plan, which gives major creditors an equity stake in the reorganized company.
Prepetition lenders, who have nearly $3 billion in secured claims in the case, are to receive the lion's share of the new equity offering.
“Thanks to the hard...
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