STG Logistics Secures $1B Debt Deal, Set to Exit Bankruptcy

Key Details STG Logistics announced it has reached a lender agreement and will soon exit bankruptcy protection. The intermodal marketing company's recapitalization plan brings in Fortress Investment Group and Invesco as majority owners while eliminating over 90% of outstanding debt - approximately $1 billion in total reduction. Fresh Capital Infusion The deal includes up to $150 million in new capital to strengthen the company's balance sheet. The agreement also resolves litigation from minority lenders who had contested their treatment in a previous arrangement, creating a fully consensual path forward. Why It Matters STG entered pre-packaged Chapter 11 in January and has now completed a court-supervised marketing process. CEO Geoff Anderman stated the transaction demonstrates investor confidence in the company's strategy and positions STG to emerge as a well-capitalized operation ready to serve customers and employees. Final confirmation of the recapitalization plan is pending, but the company expects swift approval through the consensual confirmation process.