SemGroup Corporation Prices Public Offering of Common Stock

TULSA, Okla., June 16, 2016 (GLOBE NEWSWIRE) -- SemGroup® Corporation (NYSE:SEMG) today announced the pricing of its upsized underwritten public offering of 7,500,00 shares of its Class A common stock at an offering price of $27.00 per share. The underwriter has been granted a 30-day option to purchase up to an additional 1,125,000 Class A common shares. This offering is expected to close on June 22, 2016, subject to customary closing conditions.

SemGroup expects to use the net proceeds from the offering and from any exercise of the underwriter’s option for working capital and general corporate purposes, including to pay down its revolving credit facility and for future capital expenditures.

Barclays is acting as the sole book-running manager for the offering. A copy of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained, when available, by sending a request to:

c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: 888-603-5847

You may also obtain these documents for free when they are available from the Securities and Exchange Commission ("SEC") at

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any of the securities described herein, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The offering is being made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. The offering is made pursuant to an effective shelf registration statement and prospectus filed by SemGroup with the SEC.

About SemGroup Corporation

Based in Tulsa, OK, SemGroup® Corporation (NYSE:SEMG) is a publicly traded midstream service company providing the energy industry the means to move products from the wellhead to the wholesale marketplace. SemGroup provides diversified services for end-users and consumers of crude oil, natural gas, natural gas liquids, refined products and asphalt. Services include purchasing, selling, processing, transporting, terminalling and storing energy.

Forward-Looking Statements

Certain matters contained in this press release include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, 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.

You can identify forward-looking statements by the use of words such as "believe," "expect," "anticipate," "plan," "intend," "foresee," "should," "would," "could," "attempt," "appears," "forecast," "outlook," "estimate," "project," "potential," "may," "will," "are likely" and other similar expressions which are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond SemGroup's control and difficult to predict, that could cause actual results to differ materially from those reflected in these forward-looking statements. In evaluating forward-looking statements, you should carefully consider the risks and uncertainties described in the "Risk Factors" section or other sections in SemGroup's Annual Report on Form 10-K for the year ended December 31, 2015 and the prospectus supplement and accompanying base prospectus in connection with the offering, in each case as filed with the Securities and Exchange Commission. All forward-looking statements attributable to SemGroup or persons acting on SemGroup's behalf are expressly qualified in their entirety by these cautionary statements and risk factors. Forward-looking statements contained in this press release reflect SemGroup's view only as of the date of this press release. SemGroup undertakes no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts: Investor Relations: Alisa Perkins 918-524-8081 Media: Kiley Roberson 918-524-8594

Source:SemGroup Corporation