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Article: SemGroup Wins Confirmation of Plan of Reorganization.
- Article from:
- Energy Weekly News
- Article date:
- November 13, 2009
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SemGroup, LP announced it has won confirmation of its Fourth Amended Plan of Reorganization, reaching the last major milestone in its court restructuring and allowing the company to emerge from Chapter 11 in November.
"Thanks to the hard work and commitment of all of our employees and advisors over the past 15 months, SemGroup today won confirmation of a Plan of Reorganization that maximizes value for all of our creditors and puts the company on a very strong financial footing," said Terry Ronan, the company's president and chief executive officer.
Norm Szydlowski, who will succeed Mr. Ronan as chief executive upon the company's exit from Chapter 11 ...