STG Logistics wraps $39 million term loan at SOFR plus 600 bps

By Sara Rosenberg

New York, Dec. 8 – STG Logistics completed syndication of a non-fungible $39 million incremental first-lien term loan that is priced at SOFR plus 600 basis points with a 0.75% floor and an original issue discount of 96.5, according to a market source.

Antares Capital is the lead on the deal.

Allocations are expected on Friday, the source added.

Proceeds will be used to finance acquisitions under letters on intent.

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

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