STG Logistics is now in post-confirmation administration, with recent docket activity focused on contract cleanup, professional-fee processing, and insurance-limited stay relief rather than a live enterprise-sale contest. The company entered Chapter 11 on January 12, 2026 after freight-market softness, cash burn, springing maturity pressure, and lender disputes over a 2024 liability-management transaction left a large, PE-backed logistics platform with roughly $1.16 billion of funded debt and limited liquidity, as described in the Holtgreven first-day declarationDkt. 33.
The cases were filed around a restructuring support agreement that gave the debtors two paths: a recapitalization through equitization and takeback debt, or a sale transaction following a market check. The initial restructuring package included a $293.75 million priming DIP facility, with $150 million of new money and a $143.75 million roll-up, designed to bridge the company through either a sale process or plan-driven emergence, according to the Holtgreven first-day declarationDkt. 33. By April, the debtors had filed a first amended disclosure statement and plan that preserved the toggle structure, set sale and confirmation milestones, and proposed a recapitalization in which impaired funded-debt classes would receive reorganized equity, takeback debt, or, for junior claims in the recapitalization scenario, little or no recovery; the first amended disclosure statement noticeDkt. 618 also described the exit financing architecture and treatment of executory contracts.
The current posture reflects implementation of that restructuring rather than formulation of a new path. A June 1 stay-relief stipulation notes that the court confirmed the joint Chapter 11 plan on May 18, 2026, and recent orders have allowed certain personal-injury claimants to proceed only against insurance or other limited sources, including the Montoya stay-relief stipulation and orderDkt. 924 and the Evans stay-relief stipulation and orderDkt. 925. The debtors are also continuing contract rationalization: on June 2, they removed certain TAL International chassis lease addenda from the ninth rejection schedule, preserving those contracts from the pending rejection request through the executory-contract removal noticeDkt. 927. The next dated milestone in the context is June 18, 2026, when relief-from-stay matters remain scheduled, including the adjourned Jose Acosta stay-relief hearing reflected in the adjournment determinationDkt. 921.