STG Logistics Completes Chapter 11 Restructuring with Major Debt Reduction
STG Logistics has successfully exited Chapter 11 restructuring, reducing its funded debt by over $1 billion and securing $150 million in new capital from investors including Fortress, Fidelity, and Invesco. The company now emerges with a leaner balance sheet and majority ownership held by the investment group.
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Topics: chapter-11 debt-reduction intermodal-freight logistics