STG Logistics Secures $300 Million Financing to Drive Future Growth
STG Logistics, a leading provider of containerized logistics services, announced the successful completion of a $300 million debt and equity financing package. This financing, backed by STG’s existing lenders and equity sponsors, will provide the company with significant capital to fuel its ongoing expansion and strategic growth initiatives.
“The strong commitment from our shareholders and financial partners not only reinforces confidence in STG’s long-term strategic vision, but also strengthens our position to navigate the current freight market challenges,” said Paul Svindland, Chief Executive Officer. “We are grateful for the continued support from our stakeholders and look forward to leveraging this capital to drive both organic and inorganic growth in the years ahead.”
The new funding will enable STG to continue investing in innovative solutions, expand its service offerings, and enhance operational efficiency as it advances its mission of delivering best-in-class logistics services across the country.
This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy any security and does not constitute an offer, solicitation, or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.