TULSA, Okla., Jan. 16, 2018 (GLOBE NEWSWIRE) — SemGroup® Corporation (NYSE:SEMG) today announced that it has entered into an agreement for the Private Placement of $350 million of newly authorized 7% Series A Convertible Preferred Shares (the “Preferred Shares”) at a price of $1,000 per share with approximately 350,000 Preferred Shares to be outstanding at the closing of the private placement. The Preferred Shares are convertible into SemGroup common stock based on a conversion price of $33.00 per share after 18 months, at the purchasers’ option, and after three years at SemGroup’s option, subject to certain conditions. The Preferred Shares […]