- SemGroup (NYSE:SEMG) -4.9% premarket after upsizing and pricing a public offering of 7.5M common shares - up from a previously announced offering size of 5M units - at $27/share, with an underwriters option to purchase up to an additional 1.125M shares.
- SEMG says it plans to use the proceeds for working capital and general corporate purposes, including to pay down debt and for future capital spending.