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Published: August 5, 2008
SemGroup loan focus of hearing
TULSA -- A Tulsa-based energy company that filed for bankruptcy in Delaware is seeking a $250 million debtor in possession loan to keep itself in business while it begins selling off assets to pay its creditors.
A Delaware judge is expected to decide Tuesday whether SemGroup LP can receive the loan. SemGroup has indicated it won't last past Aug. 15 without the emergency funding.
The company is paying emp...
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