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WILMINGTON, Del. — SemGroup LP, the oil transporter pushed into bankruptcy by $2.4 billion in energy- trading losses, received interim court permission to borrow as much as $150 million to keep operating while it prepares to sell its assets.
SemGroup is building a 12-inch pipeline from Platte ville to storage terminals in Cushing, Okla.
U.S. Bankruptcy Judge Brendan Linehan Shannon approved the company’s request for the financing Tuesday.
