STG Logistics revises $45 million term loan OID to 96.75

By Sara Rosenberg

New York, July 28 – STG Logistics tightened the original issue discount on its fungible $45 million incremental first-lien term loan to 96.75 from 96.5, according to a market source.

Pricing on the incremental term loan is SOFR+CSA plus 600 basis points with a 0.75% floor, in line with existing term loan pricing. CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate.

The incremental term loan has 101 soft call protection that expires in March 2023.

Antares Capital is the lead on the deal.

Recommitments were scheduled to be due at noon ET on Thursday, the source added.

STG is a Bensenville, Ill.-based provider of facilities-based containerized logistics services.

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