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Federal Court Approves STG Logistics Restructuring Plan

A New Jersey federal bankruptcy court has approved the reorganization plan for STG Logistics, clearing the path for the intermodal marketing company to emerge from Chapter 11 in coming weeks. The Dublin, Ohio-based firm will eliminate more than $1 billion in funded debt, representing over 90% of its total debt load. STG will receive the final $25 million tranche of a $150 million capital commitment. Fortress, Fidelity and Invesco affiliates now control a majority stake following the restructuring. The approval also resolves litigation brought by minority lenders who claimed their interests were harmed in 2024 when STG and lead lenders arranged delayed interest payments. STG operates roughly 100 owned and partner facilities, manages 15,000 containers and 3,000 tractors, and partners with over 25,000 carriers to provide full and less-than-truckload services across North America and Mexico.