STG Logistics to launch $875 million credit facilities on Tuesday

By Sara Rosenberg

New York, April 11 – STG Logistics is set to hold a lender call at 2 p.m. ET on Tuesday to launch $875 million of senior secured credit facilities, according to a market source.

Antares Capital, Deutsche Bank Direct Lending, Stifel Nicolaus and Co. Inc., Citizens Bank and MUFG are the joint lead arrangers on the deal.

The facilities consist of a $60 million revolver, an up to $90 million designated letter-of-credit revolver and a $725 million first-lien term loan, the source said.

Proceeds will be used to fund the acquisition of XPO Logistics’ intermodal segment, an intermodal and drayage service provider, to refinance existing debt, and to pay fees and expenses related to the transaction.

STG, backed by Wind Point Partners and Oaktree Capital Management, is a Bensenville, Ill.-based provider of facilities-based containerized logistics services.

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