STG Logistics Wins Bankruptcy Loan Approval Despite Lender Dispute

The order preserves the minority lenders' right to continue litigating the company's 2024 debt transaction.

Published on Feb. 11, 2026

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A bankruptcy judge has granted STG Logistics final approval of a bankruptcy loan, while protecting the right of the logistics-service provider's minority lenders to continue to litigate the 2024 liability-management transaction.

Why it matters

The approval of the bankruptcy loan allows STG Logistics to continue operations and restructure its debt, but the ongoing litigation by minority lenders could complicate the process and impact the final outcome.

The details

Judge Mark Edward Hall of the U.S. Bankruptcy Court in Trenton, N.J., on Tuesday approved the debtor-in-possession loan, including $150 million in new capital and a roll up of $143.75 million from existing debt. The roll-up component allows participating lenders, including Fortress Investment Group and Invesco, to convert their debts into a part of the new higher-priority DIP loan, leapfrogging the rest of the creditors.

  • On Tuesday, the bankruptcy judge approved the debtor-in-possession loan.

The players

STG Logistics

A logistics-service provider that has filed for bankruptcy.

Judge Mark Edward Hall

The U.S. Bankruptcy Court judge in Trenton, New Jersey who approved the bankruptcy loan.

Fortress Investment Group

One of the participating lenders in the debtor-in-possession loan.

Invesco

One of the participating lenders in the debtor-in-possession loan.

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The takeaway

The approval of the bankruptcy loan allows STG Logistics to continue operations and restructure its debt, but the ongoing litigation by minority lenders could complicate the process and impact the final outcome.