TransMontaigne to redeem or amend 9 1/8% notes as part of merger with SemGroup

New York, March 27 - TransMontaigne Inc. said it will either redeem or defease its 9 1/8% senior subordinated notes ahead of the closing of its merger with SemGroup, LP or amend the notes so that they can remain outstanding after the transaction is completed.

The companies announced Monday that the two companies will combine, with holders of TransMontaigne stock receiving $9.75 per share in cash.

TransMontaigne is a Denver-based refined petroleum products marketing and distribution company. SemGroup is a Tulsa, Okla., midstream service company.

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