Catsimatidis Launches SemGroup Reorganization Web Site


Tuesday, February 10th 2009, 1:17 pm
By: News On 6


News On 6

TULSA, OK - John Catsimatidis, chairman of the Red Apple Group of New York and current management committee majority leader of SemGroup G.P., L.L.C., announced Tuesday he has launched a web site and hotline dedicated to the reorganization of SemGroup, L.P., which is currently in bankruptcy.

SemGroup G.P., L.L.C. is the general partner of SemGroup, L.P.

The site, located at www.semreorg.com, was developed after Catsimatidis visited with employees in Tulsa regarding his plans to save the bankrupt company.

SemGroup employees and concerned citizens now also have the option to leave a message at the SemReorg hotline (918) 477-4177 or mail their questions to P.O. Box 35487, Tulsa, OK 74153.

"While I was in Tulsa, I received feedback that SemGroup, L.P.'s employees not only want to communicate their thoughts about the reorganization process, but also want to ask questions about what's going on," said Catsimatidis. "The web site will allow them to do that."

1/9/2009  Related story: SemGroup Creditors Met With Catsimatidis

The web site includes a section where employees and members of the community can ask questions, as well as view past news articles, press releases, frequently asked questions and biographies on Catsimatidis and his associates on the management committee.

SemGroup, L. P., had revenues of more than $14 billion in 2007 and employed more than 2,200 people worldwide. The company filed for protection under Chapter 11 of the U. S. Bankruptcy Code in July 2008.